Business activity in the euro zone manufacturing sector has improved markedly in March compared with the previous month. According to preliminary estimates, PMI in the manufacturing sector (PMI manufacturing) for the reporting month amounted to 56.3 points. The value index surpassed expectations of analysts, forecast decline to 54.1 points. Recall that in February the index was 54.2 points.
It is worth noting that the PMI index for the euro-zone industrial sphere demonstrates steady growth since March 2009. The value of the above 50 points indicates growth of business activity, below - to slow down.
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