Eurozone PMI March: Output and new orders show easings in rates of decline; Job losses reach new high
Mar 24th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Eurozone PMI: The
Markit Flash Eurozone Composite Output Index, based on around 85% of normal monthly PMI (Purchasing Managers' Index) survey replies, registered 37.6 in March, up from 36.2 in February. Holding well below the 50.0 neutral mark, the latest reading signalled a further steep fall in private sector output, but the rise in the index pointed to an easing in the rate of contraction from the survey record seen in February. Output has now fallen for ten months.
