Euro zone March flash PMI services 40.1, manufacturing 34.0

Euro zone March flash PMI services came in at 40.1 (vs median forecast of 39.2), manufacturing at 34.0 (vs median forecast of 33.4) and composite at 37.6 (vs median forecast of 36.2)

So all slightly better than expected, but the March flash PMI employment index fell to 40.3 from 40.8 in February, a new record low as firms continue to cut jobs.