Financial Times FT.com

Eurozone businesses report rosier outlook

By Ralph Atkins in Frankfurt

Published: March 24 2009 11:15 | Last updated: March 24 2009 11:15

Glimmers of hope emerged on Tuesday suggesting that the rapid pace of the eurozone's economic contraction has eased this month, with businesses reporting conditions are less gloomy than feared.

The eurozone purchasing managers’ indices, which offer a guide to future activity trends, rose unexpectedly in March, suggesting the headlong plunge in recent months could be coming to an end.

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