0806 GMT [Dow Jones]--Manufacturing PMIs for the euro zone once again carried a mixed message for the ECB. Activity continued to pick up, with a particularly strong showing from Italy, confirming the modest recovery the ECB expects to see this year, one that it expects to eventually translate into rising prices. But the surveys also found that manufacturers cut their prices for the second straight month, a worrying development for policy makers development given the already low rate of inflation in the euro zone. (paul.hannon@wsj.com)
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(END) Dow Jones Newswires
May 02, 2014 04:06 ET (08:06 GMT)
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