Industrial activity in the Eurozone rises to its highest level

Data released by MARKET today showed that the manufacturing PMI in 19 member states of the euro area rose to 62.5 points in March compared to 57.9 points in February, the highest level since the start of the poll in June 1997.

The output gauge that feeds the composite PMI in the Eurozone seen as a good gauge of economic health rose to 63.3 in March from 57.6 in February. The Input Price Index rose to 79.7 in March from 73.9 in February, the highest level in a decade. Germany saw particularly strong record expansion during March and improved across the region as domestic demand rose and exports grew.