Euro-Area Economy Accelerates Less Than Forecast on Services
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Euro-area output accelerated less than forecast in March as activity in services came in slightly weaker than expected.
A composite Purchasing Managers’ Index climbed to 56.4 from 56 in February, the highest level in almost six years, IHS Markit said on Wednesday. Even so, the reading is below a previous flash estimate of 56.7, with a gauge for services strengthening less than previously estimated.