PMI slipped to 53 in March from 53.2 in February as French PMI returned to expansion territory and hit a 33-month high. Spain and Ireland continued to roar ahead, but German growth eased and Greece dipped back into contraction. The survey indicates that production rose 1% in Q1 and GDP 0.5%. Meanwhile, eurozone unemployment held steady at 11.9% in February, coming in below consensus of 12%.
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