Euro-Zone PMI Falls to 10-Month Low in Stagflation Warning

Private-sector activity in the euro area rose at the slowest pace since last May as the Iran war stokes inflation while endangering a nascent economic recovery.

The Composite Purchasing Managers’ Index compiled by S&P Global dropped to 50.5 in March from 51.9 the previous month, though held above the 50 threshold separating growth from contraction. Analysts had predicted a dip to 51.