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| March 23, 2019

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Euro zone and U.S. manufacturing expand, China struggles -

ECB President Draghi arrives at a meeting of the European Parliament's Economic and Monetary Affairs Committee in BrusselsBy Jonathan Cable and Caroline Valetkevitch LONDON/NEW YORK (Reuters) – Euro zone businesses ramped up activity in March as the European Central Bank started printing money to spur economic growth, while a slowdown among Chinese factories fueled expectations of more monetary stimulus. U.S. manufacturing growth also edged up despite a stronger U.S. dollar and the threat of an interest rate rise from the Federal Reserve later this year. The Eurozone Composite Flash Purchasing Managers' Index (PMI) from data vendor Markit, based on surveys of thousands of companies and seen as a good growth indicator, jumped to a near- four-year high of 54.1 from February's 53.3. The surveys pointed to first-quarter euro zone economic growth of 0.3 percent, Markit said, matching the previous three months' but shy of the 0.4 percent median forecast in a Reuters poll taken earlier this month.



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