The IHS Markit Eurozone PMI® Composite Output Index recorded its biggest ever single monthly fall in March to hit a survey record low of 29.7. Not only was the index down from February’s 51.6, it was also notably weaker than the earlier flash estimate of 31.4 as the coronavirus disease 2019 (COVID-19) pandemic impacted heavily on the euro area’s private sector economy. Both sectors covered by the survey recorded notable falls in output during March, with the greater decline seen in services where a series record fall in activity was registered. Goods producers saw production decline for a fourteenth successive month, ... (full story)