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2026-04-07 16:40:16
[Eurozone March Growth Slows, Composite PMI Final Reading Revised Up to 50.7] ⑴ The final reading of the S&P Global Eurozone Composite Purchasing Managers' Index (PMI) for March was revised slightly upward to 50.7 from the preliminary reading of 50.5, but remained below February's 51.9, marking the weakest private sector expansion since June 2025. The economic slowdown reflects the combined effects of soaring energy prices, supply chain disruptions, financial market turmoil, and weak demand, with the Middle East war exacerbating these pressures. ⑵ Service sector activity stalled, while manufacturing output remained stable. However, new orders declined, export demand weakened further, and the pace of reduction in backlogged jobs was the slowest since October 2025. As businesses faced increasing pressure, layoffs accelerated to a 13-month high. ⑶ On the inflation front, input costs surged to a three-year peak, and output price inflation hit its highest level since February 2024. Meanwhile, business confidence fell to its lowest point in nearly a year.
