Economic growth in the euro area slowed moderately in March

Euro area PMI higher than expected

The Euros Composite Purchasing Managers ’Index (PMI) for the IHS Markit Economic Research Institute in London was 54.9 points in March, the lowest in two months. The indicator was higher than the previously expected 54.5 points, but weaker than the final February five-month high of 55.5 points.

A PMI above 50 points indicates an increase in the performance of the industry and a value below 50 points indicates a decrease. (MTI)