Provisional PMI® survey data for March pointed to a nearstalling of output growth in the eurozone private sector amid a reduction in new orders. Notably, the rate of input cost inflation accelerated sharply following the outbreak of war in the Middle East to the fastest in just over three years. Selling prices also rose at a sharper pace, but the acceleration was much less pronounced than seen for input costs. The war also caused disruption to supply chains, with manufacturers reporting the most marked lengthening of suppliers' delivery times in over three-and-a-half years. Meanwhile, companies scaled back employment ... (full story)