Eurozone manufacturing PMI fell to 46.1 in March, indicating contraction, but Italy and Spain showed signs of recovery.

Eurozone manufacturing activity contracted at a steeper pace in March compared to February, with the final eurozone manufacturing Purchasing Managers' Index (PMI) falling to 46.1. Despite this, there were signs of recovery in Italy and Spain. The downturn in the sector continued in Germany, while Spanish factory activity expanded in March for a second month, and Italy showed signs of recovery after 11 months of contraction.

April 02, 2024
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