Economic Buzz: Eurozone Private Sector Growth Weakest Since Early 2017

Eurozone composite output index fell to 55.2 in March from 57.1 in February, final data from IHS Markit showed Thursday. The score was also below the flash estimate of 55.3. The headline index has nonetheless signaled expansion in each of the past 57 months. Private sector activity expanded at the weakest pace since the start of 2017 as rates of growth moderated in both manufacturing and services. Manufacturing production rose to the lowest extent since November 2016, whereas service sector business activity increased at the weakest pace since August last year. The services Purchasing Managers Index came in at 54.9 in March, down from 56.2 in February and the flash 55.0.