Eurozone Flash PMI Shows Economy Close To Stabilising In March, Price Pressures Ease

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.

domoskanonos

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