Eurozone flash manufacturing PMI plunges to 47.6 in March, 71-month lows

The Eurozone manufacturing sector activity fell deeper into contraction in the month of March, the latest manufacturing activity survey from IHS/Markit research showed.

The Eurozone manufacturing purchasing managers index (PMI) dropped further to 47.6 in March vs. 49.5 expected and 49.3 last while the services PMI fell to 2-month tops of 52.7 vs. 52.8 last.

The IHS Markit Eurozone PMI Composite rose from 51.9 in February to 51.3  in March, hitting fresh 2-month lows.