Euro-Area Manufacturing Contracts Less Than Initially Estimated

Euro-area manufacturing output contracted less than initially estimated in March as the currency bloc struggled to emerge from a recession.

A gauge of manufacturing in the 17-nation euro area declined to 46.8 last month from 47.9 in February, London-based Markit Economics said today. That is above an initial estimate of 46.6 on March 21. A reading below 50 indicates contraction.

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