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Investing.com -- The euro zone economy has shown modest growth for the third consecutive month in March, according to a survey.
The manufacturing industry, a significant part of the bloc’s economy, displayed signs of recovery. The services industry, another dominant sector, expanded at a slightly faster rate than it did in February.
The signs of recovery might be attributed to factories frontloading, an approach where goods are produced and delivered to customers in anticipation of a new round of U.S. tariffs.
HCOB’s final composite Purchasing Managers’ Index (PMI) for the euro zone, compiled by S&P Global, rose to 50.9 from 50.2.
The latest figure surpassed the preliminary estimate of 50.4. However, it was below the long-term average and only slightly above the 50 threshold that separates contraction from growth.
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