Eurozone private sector activity expanded at the fastest pace in ten months in March underpinned by the pickup in manufacturing output and a strong upturn in services activity, thus diminishing fears of recession at the start of the year.
The final composite output index rose to 53.7 from 52.0 in February, results of the latest purchasing managers' survey by S&P Global showed Wednesday. However, the score was below the preliminary estimate of 54.1.
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by Renju Jaya
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