• HCOB Eurozone services PMI increased to 51 points in March from 50.60 points in February 2025.

• Composite PMI increased to a 7-month high of 50.90 points in March from 50.20 points in February of 2025.

• March’s faster expansion underpinned by both manufacturing and services.
• New business volumes were down marginally again March, as was the case in February.
• Non-domestic markets were an area of weakness, with export sales falling at a quicker pace.
• “At the end of last year, it looked like the Eurozone was heading into a recession, but things have somewhat stabilized at the start of this year. For instance, the Composite PMI was in growth territory for the third consecutive month, albeit just barely," Dr. Cyrus de la Rubia, Chief Economist at Hamburg Commercial Bank said.
• However, U.S. tariffs could quickly throw the Eurozone’s economy off course again, he added.

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