- German flash manufacturing PMI has dropped to 53.8 in March from 54.8 in February and missed consensus of 54.7.
- Services fell to 54 from 55.9 and vs 55.8.
- Manufacturing output declined to 57 from 57.4.
- Composite output dropped to 55 from 56.4.
- Staffing rose for a fifth straight month, although "the increase was largely driven by hiring efforts at service providers," says Markit, "while manufacturing firms only reported a fractional rise in workforce numbers."
- Still, the data points to GDP growth of up to 0.7% in Q1, Markit says.
- The euro comes back down after jumping a bit following the French PMI and is flat at $1.3795. The DAX is -0.45%. (PR)
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