Euro Area: Business-activity slump softens in March

Euro Area PMI March 2024

Euro Area: Business-activity slump softens in March

The HCOB Global Composite Purchasing Managers’ Index (PMI) rose to 49.9 in March from 49.2 in February. However, the index remained entrenched marginally below the 50 no-change threshold, signaling another deterioration in business conditions compared to the prior month.

The services sector expanded at a faster pace in March, while the manufacturing PMI recorded a somewhat sharper pace of contraction. Output and new orders continued to fall albeit at softer paces, as did backlogs of work. Meanwhile, employment swung from contraction to expansion, and business confidence improved. On the price front, both input and output price inflation decelerated.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest