Economic activity in the eurozone slowed sharply in March, reaching its lowest level in nine months, according to the PMI index published by S&P Global. This decline comes amid rising energy costs and disruptions related to tensions in the Middle East.
The composite PMI index stood at 50,7 in March, compared to 51,9 in February. Although it remains above the 50 threshold, which signifies growth, this level reflects a clear slowdown in the expansion of the private sector in the eurozone.
Aggregate demand, a key indicator of economic health, declined for the first time in eight months. This development reflects the impact of economic uncertainties and inflationary pressures on businesses and consumers.
Soaring energy prices, linked in particular to geopolitical tensions, have contributed to higher production costs. At the same time, supply chains continue to be disrupted, complicating business operations.
These figures underscore the fragility of the economic recovery in Europe, while the outlook remains uncertain. Businesses must contend with an environment marked by market volatility and high costs, which could weigh on growth in the coming months.
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