Eurozone March flash services PMI 54.8 vs 54.2 expected

• Prior 55.5
• Manufacturing PMI 57.0 vs 56.0 expected
• Prior 58.2
• Composite PMI 54.5 vs 53.9 expected
• Prior 55.5

The slowdown is more marked in the manufacturing sector, as growth conditions slow and business sentiment slumps amid the Russia-Ukraine war. But the key takeaway in my view is that rates of inflation in both manufacturing and services reached new record highs on the back of all this. That will keep the pressure on consumer inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term and also on the ECB in the months ahead to try and tackle the issue - not like they can do much of anything about it though.