The fall seen in Eurozone private sector activity slowed in March, reports said Tuesday, citing results of a survey carried out by the Markit Economics.
The flash purchasing managers' index, or PMI, for Eurozone manufacturing sector stood at 34 in March, up from 33.5 recorded in February. The services PMI rose to 40.1 from 39.2. The improvement in both these indexes reflected in the composite index, which rose to 37.6 from 36.2.
A PMI reading above 50 indicates expansion in the sector, while below 50 suggests contraction.
Separate report showed that Germany's flash manufacturing PMI rose to 32.4 from 32.1, while economists had expected a slight decline to 32. Similarly, the services PMI increased to 41.7 from 41.3, defying the consensus forecast of a reading of 41.
The flash manufacturing PMI for France stood at 36.3, up from 34.8 in February. It was also higher than the consensus forecast of 35. The services PMI improved to 42.9 from the previous month's 40.2.
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