The Eurozone economy only had modest growth in March, PMI shows

April 03, 2025 01:32 PM ist -urozone -Economics/PMI: Euro -Zone -Economics saw only a modest growth in March, PMI shows London, -The euro -zone economy exerted a modest growth for a third month in March, as the manufacturing industry of the BlOC expanded a slightly faster rate in February. The EURO zone economy saw only a modest growth in March, PMI shows, but the recovery signs could have been due to preloads by factories that goods want to get to customers before a new round US rates come into effect. HCOB’s final composite purchasing managers index for the block, compiled by S&P Global and seen as a good guide for overall economic health, rose to 50.9 from 50.2. This was a preliminary estimate for 50.4, but below the long-term average and not far above the 50-point that separates the contraction of growth. “At the end of last year, it seemed like the eurozone was heading for a recession, but things stabilized somewhat at the beginning of this year,” said Cyrus de la Rubia, chief economist at Hamburg Commercial Bank. “However, our rates can quickly throw the eurozone economy off course.” Some of the modest growth was lower than companies that fired unfulfilled orders. The compound backlog of the work index dropped from 47.3 to a three -month low of 47.1. A PMI that covers the service industry has dropped from 50.6 to 51.0. The flash estimate placed it at 50.4. Services – Inflation – Carefully watched by the European Central Bank – relieved last month. Both the input and output prices indices relieved, with the latter dropping from 54.7 to 53.6. After the deposit has lowered for a sixth time last month, the ECB is expected to prune another 25 basis points on April 17, taking it to 2.25%, a Reuters poll. This article was generated from an automated news agency feed without edits to text. Read Breaking News, the latest UK updates, UK, Pakistan and other countries around the world on topics related to politics, crime and national matters. Read Breaking News, the latest UK updates, UK, Pakistan and other countries around the world on topics related to politics, crime and national matters. See fewer