2 April 2001, 17:52 EUROZONE MANUFACTURING ACTIVITY SLOWS FURTHER
Eurozone manufacturing activity slowed further in March, . The
Purchasing Managers Index declined to a seasonally adjusted 51.2 in
March from 52.3 in February. The output and new orders indexes both
fell but still posted rises above the 50 boom-or-bust line. The input
price index fell to 53.5 from 55.8 in February.
-- In Germany, the PMI index showed activity slowing to 51.1 in March
from 52.8 in February. Activity has slowed for nine months in a row. The
prices index registered 56.0, little changed from February.
-- In France, activity expanded at a slightly slower pace, with the PMI
posting 52.6, compared with 52.9 in February. This erased the recovery
in February. Panel firms reported falling demand from the US was partly
offset by stronger eurozone demand.
--The Italian PMI indicated a continuation in the slowdown of activity
but still managed to stay above the 50-level. The result was 50.8,
compared with 52.8 in February. Prices continued to rise but at a slower
rate than in the previous month.
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