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2026-04-07 16:12:10
[Eurozone Services PMI Falls to 50.2 in March, a 10-Month Low] ⑴ The S&P Global Eurozone Services Purchasing Managers' Index (PMI) fell to 50.2 in March from 51.9 in February, close to the preliminary reading of 50.1, marking the weakest performance since May last year. Demand conditions deteriorated, with new business declining for the first time since July 2025, the largest drop in 16 months, and export sales also declined further. ⑵ Service providers continued to digest backlogged orders, continuing the trend since November last year. Employment levels were largely flat, with hiring activity near a five-year low. Amid rising uncertainty, business confidence weakened significantly, falling to a 10-month low. ⑶ Meanwhile, cost pressures intensified, with input price inflation accelerating to a 34-month high, but the pace of output price increases slowed slightly compared to February.
