Eurozone business growth has accelerated in April.

With composite flash PMI climbing to a 35-month high of 54 from 53.1 in March. Manufacturing PMI has increased to 53.3 from 53 and services to 53.1 from 52.2. The growth was led by Germany, although French activity slowed. The bloc experienced a return to job creation,suggesting that companies believe "that the recovery has legs and is looking increasingly sustainable." However, "deflationary pressures," still cannot be ignored.