Euro-Area Manufacturing Contracts Less Than Initially EstimatedPatrick Henry
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.