Business activity in the eurozone stabilised in March thanks largely to a "modest recovery" in the service sector, a closely watched survey showed Thursday.
A figure below 50 indicates contraction. The latest reading — though right on that threshold — was the highest registered in nine months. Manufacturing output, however, fell for the 12th successive month, though the decline was becoming less steep. “Survey details show that the growth rate of employment and price pressures are easing,” said Clemente De Lucia, senior European economist at Deutsche Bank.Before flagging, please keep in mind that Disqus does not moderate communities. Your username will be shown to the moderator, so you should only flag this comment for one of the reasons listed above.