Eurozone: Services and composite PMI figures came below expectations - BBH

Analysts at BBH explain that today final March services and composite PMI readings for the Eurozone were reported and the services PMI came in at 56.0 vs. 56.5 expected, while the composite came in at 56.4 vs. 56.7 expected.  

Key Quotes

“Looking at the country breakdown, German services and composite came in close to expectations at 55.6 and 57.1, respectively, while French services and composite were softer than expected and came in at 57.5 and 56.8, respectively.  Spain was close to expectations, while Italy was weaker than expected at 52.9 and 54.2, respectively.”