Business activity in the euro zone manufacturing sector has improved significantly in March compared with the previous month. In the final data, PMI in the manufacturing sector (PMI manufacturing) for the reporting month was 56.6 points compared with the preliminary estimate of 56.3 points. Recall that in February index was at 54.2 points.
It is worth noting that the PMI index accurately reflects the economic conditions in the manufacturing sector, the overall economic situation and development prospects. The index shows steady growth since March 2009. The index value above 50 points indicates growth of business activity, below - to slow down.
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