[Asia Economy Reporter Choi Saeng-hye] According to Bloomberg News on the 3rd (local time), the Eurozone (19 countries using the euro) composite Purchasing Managers' Index (PMI) for March recorded 29.7. This is below the expert forecast of 31.4.
A PMI above 50 indicates economic expansion, while below 50 indicates contraction.
The Eurozone services PMI was 26.4, falling short of the expert forecast of 28.2.
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