Eurozone Preliminary Manufacturing PMI hits a record low of 33.6 in April, EUR/USD re-takes 1.08

• Eurozone Manufacturing PMI arrives at 33.6 in April vs. 39.2 expected.
• Eurozone Services PMI stands at 11.7 in April vs. 23.8 expected.

The Eurozone manufacturing sector witnessed the sharpest deterioration ever this month, the latest manufacturing activity survey from IHS/Markit research showed on Thursday.

The Eurozone manufacturing purchasing managers index (PMI) came in at an all-time low of  33.6 in April vs. 39.2 expected and 44.5 last while the Services PMI slumped to a record low of 11.7 in the reported month vs. 23.8 expected and 26.4 last.

The IHS Markit Eurozone PMI Composite slumped to 13.5 in April (record low) vs. 25.7 expected.