The growth rate of the euro area’s economic performance slowed down in March
Instead of the expected strengthening, the growth rate of the euro area’s economic performance slowed down in March, according to a report published on Friday by the London-based IHS Markit, Institute for Economic Research.
In March, the purchasing manager index (PMI) of the euro area fell to 51.3 points from the 51.9 points of February. The market expected an improvement of 52.0 points.
The service industry PMI dropped from 52.8 points to 52.7 points, while the manufacturing PMI fell sharply to 47.6 points, the lowest since April 2013, to a low of 71 months from the 49.3 points of February. (MTI)
Related news
Consumer sentiment in the euro area improved to a more than two-year high in April
Consumer sentiment in the eurozone improved somewhat less than expected,…
Read more >The annual growth rate of food, alcoholic beverages and tobacco prices slowed to 2.6 percent in March in the eurozone
In accordance with the preliminary estimate, the annual inflation in…
Read more >Retail sales decreased in the euro area and the EU in February
Retail turnover in the euro area and the EU decreased…
Read more >Related news
Annual Costs From Climate Change Set To Total €35 Trillion
A study by the Potsdam Institute for Climate Impact Research…
Read more >MyPrice (Mere) faces problems with Belgian expansion
Russian discounter MyPrice‘s jubilant announcement that the opening of a…
Read more >Pepsi debuts limited-edition peach and lime flavors for summer
The sodas, which are targeted toward consumers grilling outdoors, further the…
Read more >