Euro zone March business growth strong but outlook darkens -PMI – Reuters.com
- Date: 24-Mar-2022
- Source: Reuters
- Sector:Economy
- Country:Middle East
Euro zone March business growth strong but outlook darkens -PMI – Reuters.com
LONDON, March 24 (Reuters) - Euro zone business growth was stronger than expected this month, a survey showed on Thursday, although prices rose at a record pace, likely adding to pressure on the European Central Bank to raise interest rates.
However, some of that expansion came from a rebound following the lifting of COVID restrictions and the outlook is murky as supply chain issues caused by the coronavirus pandemic have worsened following Russia's invasion of Ukraine.
S&P Global's Flash Composite Purchasing Managers' Index, seen as a good gauge of overall economic health, slipped to 54.5 in March from 55.5 in February although it was comfortably above the median 53.9 forecast in a Reuters poll.
Select Sector 
Select Country 
