Final March Eurozone Composite........>

EUROZONE DATA: Final March Eurozone Composite Output Index 55.2 Vs 57.1 Feb

Final March Eurozone Services Business Activity Index 55.2 Vs 57.1 Feb

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Eurozone economic activity expanded at its weakest pace since the start of 2017

in March, as rates of growth in both the manufacturing and services sector

tapered. The slowing reflected a combination of slower new order growth,

disruption caused by bad weather conditions and supply chain constraints

resulting following recent strong growth. Manufacturing production rose to the

lowest extent since November 2016, whereas service sector business activity

increased at the weakest pace since August last year. Each of the 'big-four'

nations and Ireland all saw moderations during the latest survey month. Hiring

intentions moderated but remained positive for the 41st straight month while

price pressures eased to a three-month low. Eurozone service sector output

expanded at the slowest pace in seven months and while 2018 Q1 was the best

quarterly outturn in seven years, momentum in the sector since the turn of the

year seems to have lost some steam.