FLIY - Euro area Services PMI at 55.0 March fastest growth since May 2022

2023-04-05 04:07:27 ET

• Services PMI In the Euro Area increased to 55 points in March

• This was up from 52.7 in February and signaled a strong increase in output across services firms.

• The rate of growth was the fastest since May 2022.

• March survey data pointed to a solid expansion in demand for eurozone services.

• Overall, new business volumes have risen for three successive months.

• The latest increase was stronger than the long-run average and the quickest for ten months. from 52.70 points in February of 2023.

• Both the headline and composite readings are at 10-month highs as the euro area economy caps off Q1 with three straight months of expansion.

• ETFs: ( EWG ), ( GF ), ( EWI ), ( EWQ ), ( EWGS ), ( FGM ), ( DBGR ), ( DXGE ), ( HEWG ), ( DAX ), ( FLFR ), ( FLGR ), ( FLIY )

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