Eurozone Private Sector Growth Slows Led By Worsening Manufacturing Downturn

Eurozone private sector expanded at the slowest pace in two months in March, amid a deepening downturn in manufacturing, defying expectations for a modest improvement, suggesting that the growth momentum is set to remain sluggish in the 19-nation economy. The flash Eurozone Composite Purchasing Managers' Index rose to a two-month low of 51.3 from 51.9 in February.