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Add as a preferred source on GoogleThe euro-zone composite PMI (09.00 GMT)may have risen again in March, suggesting that the economic recovery continued in Q1. The fall in the euro may have provided a boost to manufacturing activity, and with household sp…
The euro-zone composite PMI (09.00 GMT)
may have risen again in March, suggesting that the economic recovery continued in Q1.
The fall in the euro may have provided a boost to manufacturing activity, and with household spending supported by the low level of oil prices, the services sector component may have nudged up too.
Capital Economics notes....
On balance, we see the headline index rising from 53.3 to around 53.5, leaving the average for Q1 at 53.1, above Q4's 51.5.
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