Downbeat Eurozone PMI Surveys Put ECB in a Bind -- Market Talk

Dow Jones03-24

1313 GMT - The latest PMI survey data for the eurozone paint a difficult situation for the European Central Bank, Commerzbank's Vincent Stamer says in a note. While the war in the Middle East has meant the outlook for the economy is darkening, inflationary risks are mounting and uncertainty is hitting the services sector particularly hard, he says. "Central bankers cannot ignore this rise in consumer prices. However, uncertainty is also very high for the ECB, so it will likely monitor the data for the time being before raising key interest rates." Nevertheless, the PMI as a whole remains within the range where the eurozone's economy has grown at least moderately, Stamer says. (edward.frankl@wsj.com)

 

(END) Dow Jones Newswires

March 24, 2026 09:13 ET (13:13 GMT)

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