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- Eurozone's final services PMI declines to 53.1 in March
Eurozone's final services PMI declines to 53.1 in March
Markit Economics released final services purchasing managers' index (PMI) for the Eurozone on Tuesday. Eurozone's final services purchasing managers' index (PMI) declined to 53.1 in March from 53.3 in February, down from the preliminary reading of 54.0.
The downward revision was mainly driven by France and Italy.
The index was mainly driven by a softer growth in new business and output.
Eurozone's final composite output index rose to 53.1 in March from 53.0 in February, down from the preliminary reading of 54.0.
The downward revision was mainly driven by France and Italy.
"The Eurozone economy failed to show any significant gain in momentum in March. With the PMI barely rising from February's 13-month low, the region looks to have grown by just 0.3% again in the first quarter," Chief Economist at Markit Chris Williamson said.
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