Eurozone Composite PMI Hits 10-Month Low

RunWithRugs · 2026-03-26T04:51:01+00:00

The euro area's composite PMI fell to 50.5 in March, a 10-month low, as services declined while manufacturing reached a 45-month high. Production growth stalled due to reduced new orders and rising input costs from Middle East events.

RunWithRugs

2026-03-26 04:51:01

Abstract generation in progress

(MENAFN) The composite purchasing managers index (PMI) in the euro area, which registered 51.9 in February, dropped to 50.5 in March, representing its lowest point in 10 months, according to data provider S&P Global on Tuesday.

Meanwhile, the manufacturing PMI increased to 51.4 in March from 50.8 in February, marking a 45-month peak.

Conversely, the services PMI declined from 51.9 to 50.1 over the same timeframe, reaching a 10-month trough.

A PMI value above 50 signifies sector expansion, whereas a reading below that threshold indicates a contraction.

The statistics highlighted that production growth nearly stalled, primarily due to a reduction in new orders within the Eurozone private sector.

Additionally, input cost inflation surged sharply following events in the Middle East, climbing to its highest level in more than three years.

MENAFN24032026000045017167ID1110899786

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.