The eurozone purchasing managers index is on its peak

More than three years ago, the euro area manufacturing activity grew in the fastest rate in March. The 40-month peak of the purchasing managers index, rose to 56.6 points, in the third month this year, from the 54.2 points of February.

Analysts expected 56.3 points. The index value above 50 points indicates sectoral growth, value under 50 points indicates a shrinkage. The output index increased to 56.1 points in March, compared to the 54.4 points of February. The new orders index is increasing now for the sixth consecutive month in March – reports MTI.