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March euro zone factory PMI at 56.6; demand and optimism falls in the bloc

factories were at their least optimistic since the end of 2016 and demand for products was at its weakest in 16 months


The euro zone's manufacturing boom stumbled for a third month in March as optimism waned and demand ebbed, a survey showed on Tuesday, but output remained robust and expansion was still broad-based across the region. Factories in the bloc ended 2017 with record strong growth so any slowdown from that pace is unlikely to stop decision-makers at the European Central Bank moving away from their ultra-easy policy stance. IHS Markit's final manufacturing Purchasing Managers' Index (PMI) for the euro zone sank to an eight-month low of 56.6 in March from 58.6, in line with ...

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First Published: Tue, April 03 2018. 13:47 IST