The S&P Global Composite Purchasing Managers' Index for the Eurozone fell to 50.7 in March from 51.9 in February, but it remained slightly above an initial estimate that pointed to a level of 50.5. Chris Williamson, Chief Business Economist at S&P Global Market Intelligence, said that PMI readings above 50.0 indicate an expansion in activity. A survey published on Tuesday showed that growth in the Eurozone's private sector slowed sharply last month, as the war in the Middle East led to higher energy costs and disrupted supply chains, with overall demand – a key indicator of the economy's health – falling for the first time in eight months.
