Euro Manufacturing Stays Near 3-Year High as Recovery Persists

Growth in euro-area manufacturing stayed close to the highest level in almost three years in March, adding to signs the region’s recovery is gathering pace.

An index based on a survey of purchasing managers slipped to 53.0 from 53.2 February, matching an initial estimate released last week, London-based Markit Economics Ltd. said in a statement today. The index has been above 50, indicating expansion, since July. Gauges for the region’s four largest economies all indicated growth.