Eurozone Composite PMI Hits 10-Month Low
Meanwhile, the manufacturing PMI increased to 51.4 in March from 50.8 in February, marking a 45-month peak.
Conversely, the services PMI declined from 51.9 to 50.1 over the same timeframe, reaching a 10-month trough.
A PMI value above 50 signifies sector expansion, whereas a reading below that threshold indicates a contraction.
The statistics highlighted that production growth nearly stalled, primarily due to a reduction in new orders within the Eurozone private sector.
Additionally, input cost inflation surged sharply following events in the Middle East, climbing to its highest level in more than three years.
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