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MACRO DATA- The euro area composite PMI stood at 53.2 in March, higher than expected

Por Lynx Insight Service

Apr 7 (Reuters) –

* The final composite index of the IHS Markit survey of purchasing managers (PMI) for the eurozone, considered a good barometer of economic health in the region, was better than expected, registering a level of 53.2 in March . * Economists polled by Reuters had predicted that the index would stand at 52.5. * The final composite indicator for the eurozone was higher than a preliminary estimate of 52.5, according to data released on Wednesday. * The PMI of the services sector, which represents around two-thirds of GDP, registered a higher level than expected in its final reading, at 49.6. * Final Services PMI was higher than a provisional reading of 48.8 and beat an economists’ forecast of 48.8.

(Information from Tomás Cobos)

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