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Eurozone growth stays on track, PMI survey shows

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Eurozone growth stays on track, PMI survey shows

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The pace of business growth in the eurozone remains steady with France’s private sector, bucking forecasts in March, to show its biggest expansion in two and a half years.

Despite analysts predicting a contraction, the Purchasing Managers Index, a survey, showed France was up from 47.9 percent in February to 51.6 percent this month.

Across the bloc, growth was slightly down but remained steady. The eurozone’s composite PMI dropped 0.1 percent to 53.2 percent.