Mumbai, March 24 -- The seasonally adjusted HCOB Flash Eurozone Composite PMI Output Index, ticked up to 50.4 in March from 50.2 in February, signaling a third successive marginal monthly expansion in business activity across the euro area. Although only slight, the latest rise was the fastest since last August.
Provisional PMI survey data showed that business activity in the Eurozone increased for the third consecutive month in March. The pace of expansion was marginally quicker than in the opening two months of the year, but remained slight nonetheless.
Manufacturing production increased for the first time in two years, joining services in growth territory. The overall rise in output was recorded in spite of a further reduction in new o...