India, April 3 -- The euro area private sector growth accelerated to a seven-month high in March, adding to hopes of recovery in the currency bloc as the fiscal support planned by Germany is more likely to offset the threats caused by the U.S. tariffs, final results of the monthly purchasing managers' survey by S&P Global showed on Thursday. The HCOB composite output index ticked up to 50.9 in March from 50.2 in February. The flash score was 50.4.
The index remained in the expansion territory for the third successive month and signaled the fastest growth since August last year.
Growth rates accelerated in both manufacturing and services sectors. Manufacturing output expanded for the first time in two years, while services activity levels ...