2024-03-22 10:10:00 ET
Summary
- business activity in the euro area came close to stabilising in March, as provisional PMI® survey data registered only a marginal decline in output of goods and services.
- A modest recovery of service sector output gained momentum, accompanied by a softening in the rate of manufacturing output decline.
- Ongoing falls in output in France and Germany offset a gathering upturn in the rest of the eurozone to point to an uneven economic picture.
Business activity in the euro area came close to stabilising in March, as provisional PMI® survey data registered only a marginal decline in output of goods and services. A modest recovery of service sector output gained momentum, accompanied by a softening in the rate of manufacturing output decline. However, ongoing falls in output in France and Germany offset a gathering upturn in the rest of the eurozone to point to an uneven economic picture....
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Eurozone Flash PMI Shows Economy Close To Stabilising In March, Price Pressures Ease