European Union

Markit Services PMI fell to 54.8 in March 2022

Markit Services PMI fell to 54.8 in March 2022, down 0.7 from February's 55.5 reading. The reading matched the 54.2 consensus. Markit Services PMI has now declined for 3 consecutive months. Over the past 3 months, Markit Services PMI averaged 53.34, vs 55.24 in the prior 3-month window. The reading is in the 53rd percentile of the trailing 24-month range.