Euro area manufacturing showed another contraction in March, according to PMI indicator, as the advanced reading came in at 47.7 from 49.0 in February, lower than estimates of 49.5. Services sector also saw a contraction of 48.7 compared with 48.8 last month and median estimates of 49.2. Accordingly, PMI composite index showed a contraction of 48.7 from a prior of 49.3, below projections of 49.6.