Eurozone Services PMI at 55.0 in March... Expansion for 3 Consecutive Months

The Eurozone services sector has been expanding for three consecutive months.

On the 5th (local time), Dow Jones reported that S&P Global announced the Eurozone's March Services Purchasing Managers' Index (PMI) was recorded at 55.0.

The benchmark of 50, which distinguishes expansion from contraction, was exceeded, indicating that the Eurozone's economy continues to expand.

This represents an improvement from the previous month's 52.7 but slightly falls short of the expert forecast of 55.6 compiled by The Wall Street Journal (WSJ).

The Eurozone composite PMI was recorded at 53.7.