51.9 points PMI Index for April

The developing of European productional sector got faster in April, with is a sign that the companies will solve the problem with the record price of the petrol and Euro currency. The credit crisis was not able to stop the growing of productional sector in a part of the countries with the EUR currency.
THe index PMI in productional sector growed to 51.9 points in April, from 51.8 points in March. The economists expected the value to drop to 51.5 points and levels over 50 points are showing expansion of the sector. In comparison, the American productional indexcontinue to be a little below 50 points, with is a sign for recession.