A slight increase in the eurozone’s economic growth in March

The eurozone's economic growth was “subdued” in the first quarter of 2016, and is struggling to find a “significant gain in momentum”, according to the latest PMI data released by Markit on Tuesday morning.

According to Markit, the eurozone saw a composite PMI reading of 53.1, down from the flash reading of 53.7, but marginally up on economists expectations, which put the number at 53 flat.

The purchasing managers index (PMI) figures are given as a number between 0 and 100. Anything above 50 signals growth, while anything below means a contraction in activity — so the higher the better. (MTI)