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Slower growth evident in Europe across wide range of sectors in March

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Staff Writer | April 10, 2018
The latest Europe Sector PMI data from IHS Markit showed slower rates of output expansion across many sectors in March, continuing the broad trend seen since the start of 2018.
Slower growth evident in Europe
Europe   IHS Markit Europe Sector PMI
Among seven broad areas monitored, technology was the fastest-growing in March, but registered the slowest rise in output since last October.

Healthcare posted the slowest increase in business activity, as has been the case throughout the first quarter of 2018.

Growth eased to a 14- month low in March.

At the detailed level, 20 out of 22 sectors posted increased output in March.

That said, growth slowed in all categories except media and other financials.

The fastest-growing sector was machinery & equipment, followed by technology equipment, construction materials and general industrials respectively.

This mirrored the top four positions in February.

Growth was slowest in tourism & recreation, possibly influenced by harsh weather.

Two sectors registered lower activity in March: healthcare services and construction materials.

The former posted the sharpest decline since June 2013, while the latter saw a contraction for the first time since August 2016.