Industrial Procurement Manager Index (PMI) data for March 2025 in the eurozone showed a slight improvement, increasing to 48.6 points compared to 47.6 points in February, indicating the slowdown in the pace of contraction in industrial activity, but it is still below the level of growth of growth at 50 points.

In France, the index rose to 48.5 points, which reflects a weaker slowdown in the industrial decline, while Germany, Italy and Spain continued to record readings less than 50, which reflects the continued pressure on the industrial sector in Europe.

Data enhances the expectations for the continuation of cautious monetary policy from the European Central Bank, as economic conditions are still unstable, amid high production costs and the slowdown in global demand.