(IHS Markit) The Composite Output Index in the eurozone was recorded at 54.9 in March, a two-month low, compared to a reading of 55.5 in February.
The output index was still robust since it came from a five-month high in February, underlining the impact of looser Covid-19 restrictions on business activity.
The services business activity boosted output the most as the index hit a four-month high of 55.6 in March, up from 55.5 in February.
New orders rose at a solid pace, although the export markets weakened due to the impacts of Ukraine war.
Ireland recorded the fastest growth in March, as output hit a five-month high, while a faster expansion was also noted in France. Germany, Italy, and Spain grew at a softer pace than February.
Employment maintained increases as backlogs rose for the thirteenth straight month in March.
Input and output costs increased remarkably, with the levels holding at survey records.
Business confidence plunged to a seventeen-month low, with inflation and geopolitical tensions seen as the headwinds.
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