Economic activity in the euro area deteriorated less than expected in March

The economic activity of the euro area in March proved to be slower than in the previous month, but became more favorable than expected, according to the final purchasing manager indexes published by the IHS Markit Economic Research Institute in London on Wednesday.

In March, the final value of the composite purchasing manager index (PMI), compiled by aggregation of the manufacturing and service industry data, was higher than the previous 51.3 points, but the 51.6 points finally reached were below the 51.9 points in February. The market expected a final value of 51.3 points for March. (MTI)