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Euro zone March business activity stayed in the doldrums: PMI

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Business activity across the euro zone was lethargic last month, according to a ...

LONDON, - Business activity across the euro zone was lethargic last month, according to a survey which suggested a downturn in manufacturing is gradually infecting the bloc’s dominant services industry.

That was higher than an earlier flash reading of 51.3 but closer to the 50 mark separating growth from contraction. Williamson said the PMI was consistent with economic growth of 0.2 percent in the first quarter, weaker than the 0.3 percent predicted in a Reuters poll last month. [ECILT/EU] Factories had their worst month for almost six years in March, a sister survey showed on Monday, and while services activity notched up a tad last month it remained weak.A general view shows the atrium of the Mall of Berlin shopping centre during its opening night in Berlin, Germany, September 24, 2014. REUTERS/Thomas Peter/File Photo

 

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