EU S&P Global Services PMI Flash (Mar) 50.1 vs. Exp. 51 (Prev. 51.9, Low. 50.2, High. 51.9)
Context
The EU S&P Global Services PMI Flash for March came in at 50.1, missing expectations of 51 and down from the previous month's 51.9. This print suggests a slowdown in service sector activity, which could have implications for growth projections and may influence ECB policy decisions moving forward.
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