Eurozone production expansion eases in March as input cost inflation reaches highest level in more than three years
Eurozone Private Sector Faces Sluggish Growth Amid Rising Costs
Preliminary PMI® data for March revealed that business activity in the eurozone’s private sector barely expanded, as new orders declined. Input costs surged at their fastest rate in over three years, largely due to the recent conflict in the Middle East. While companies raised their selling prices more quickly, this increase was not as steep as the jump in input expenses. The war also led to significant supply chain disruptions, with manufacturers experiencing the longest supplier delivery delays in more than three and a half years. In response, businesses reduced their operations.
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