Economic growth in the eurozone strengthened in March

The pace of economic growth intensified in the euro zone’s private sector in March, while the deflationary pressure remains due to discounts granted in response to the depressed demand – according to preliminary data of the Markit Economics Institute’s Purchasing Managers’ Index.

The Markit published the data of its PMI on Tuesday. The index rose to 54.0 points in March, compared to the 53.3 points of February, while analysts expected 53.3 points.

The preliminary value of the manufacturing Purchasing Managers' Index rose to 51.4 points from the 51.2 points of the previous month. Analysts expected 51.3 points. (MTI)