Eurozone Preliminary Manufacturing PMI drops to 47.1 in March vs. 49.0 expected

• Eurozone Manufacturing PMI arrives at 47.1 in March vs. 49.0 expected.
• Bloc’s Services PMI climbs to 55.6 in March vs. 52.5 expected.
• EUR/USD holds lower ground near 1.0775 on the mixed Eurozone PMIs.

The Eurozone manufacturing sector contraction deepened in March, the latest manufacturing activity survey from S&P Global research showed on Friday.

The Eurozone Manufacturing Purchasing Managers Index (PMI) arrived at 47.1 in March vs. 49.0 expected and 48.5 previous. The index reached a two-month low.