Eurozone Manufacturing PMI declines to 57 in March

Manufacturing PMI in the eurozone edged lower to 57 in early March from 58.2 in February, the data published jointly by IHS Markit and S&P Global showed on Thursday. This print came in better than the market forecast of 56.

The Services PMI declined to 54.8 from 55.5 and the Composite PMI fell to 54.5 from 55.5. Both of these readings surpassed analysts’ estimates.