Eurozone business activity rises at fastest pace for almost four years

Will Green is news editor of Supply Management
25 March 2015

Business activity in the Eurozone grew at the fastest rate for almost four years in March, according to a survey of buyers across the countries using the currency.

The Markit Eurozone Purchasing Managers’ Index (PMI) rose to 54.1 in March, compared to 53.3 in February and against a no-change reading of 50, according to a “flash estimate” based on an expected 85 per cent of typical monthly responses. The index is a composite of PMIs across sectors and countries.

The growth was driven by an increase in new orders and was broad-based across sectors.

Input prices saw the largest monthly increase since last July, in part because of a stronger dollar and weaker euro increasing the price of imports from the US – as well as higher staff costs.

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