Mumbai, April 1 -- The eurozone manufacturing sector continued to grow in March, with modest increases in both production and new orders, according to the latest PMI survey.
The Manufacturing PMI rose to 51.6 from 50.8 in February, reaching its highest level since mid-2022. Growth was supported by steady gains in output and new orders, while export demand stabilised after several months of decline.
However, supply-side challenges intensified. Delivery times lengthened at the fastest pace in over three-and-a-half years, largely due to disruptions linked to the Middle East conflict. This also contributed to the rise in the overall PMI.
Manufacturers increased purchasing activity for the first time since June 2022, even as input costs surge...