Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Econ>Eurozone Mar S&P Global Composite PMI Output Falls to 50.7, Above Flash Estimate
Recommend 0 Positive 1 Negative 0 |
||||
|
||||
|
S&P Global released its Purchasing Managers' Index (PMI) survey showing that eurozone private sector economic growth slowed at the end of the first quarter, with business activity expansion recording the weakest growth in nine months. The seasonally adjusted Composite PMI Output Index fell from 51.9 in February to 50.7 in March, marking the lowest level in nine months and indicating that eurozone economic growth is losing momentum. The key indicator was well below its historical average of 52.4, but slightly above the flash estimate of 50.5. The slowdown in overall growth in March was driven by the services sector, where activity levels showed almost no increase during the latest survey period. In contrast, manufacturing output growth remained solid. The Services PMI Business Activity Index showed that services output rose only marginally in March, declining from 51.9 in February to 50.2. This marked the weakest month for the sector since May last year. (to/m) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
