Eurozone Preliminary Manufacturing PMI falls to 45.7 in March vs. 47.0 expected

• Eurozone Manufacturing PMI dropped to 45.7 in March, missing estimates of 47.0
• Bloc’s Services PMI climbed to 51.1 in March at vs. 50.5 anticipated.
• EUR/USD stays directed toward 1.08500 after German, Eurozone PMI data.

The Eurozone manufacturing sector activity downturn extended while the services sector continued to expand in March, according to the data from the HCOB's latest purchasing managers index survey released on Thursday.

The Eurozone Manufacturing Purchasing Managers Index (PMI) arrived at 45.7 in March, as against the consensus forecast of 47.0 and 46.5 recorded in February. The index fell to a three-month low.

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