• Register

Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

The eurozone is on pause: weak growth in services and continued decline in production


March, 05 2025
watermark Economic news

The eurozone economy did not show significant growth last month, as a slight increase in the service sector was offset by a continued decline in manufacturing.


The final composite Purchasing Managers' Index (PMI) compiled by S&P Global, which serves as a reliable indicator of the economic situation, remained at 50.2, slightly above the threshold of 50 separating growth and contraction.


The PMI for the services sector dropped to a three-month low of 50.6 from the previous 51.3. There are additional signs of a slowdown in the manufacturing sector, as evidenced by the PMI data released on Monday.


Analysts also point out that it may take time for the monetary union to achieve noticeable growth, as overall demand continues to decline at an accelerated pace. The new orders sub-index fell to 49.0 from 49.3.


Inflationary pressures in the services sector, which are closely monitored by the European Central Bank, remain high. Prices for services are increasing at the fastest pace in the last ten months, with the index rising to 54.7 from 53.9.


Top Top