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Stanford economist says work from home trend will continue due to its profitability for companies, as it doesn't impact performance and greatly reduces employee turnover, while forcing people back to the office full time is a costly mistake

UK private sector activity fell again in the three months to March, according to CBI's latest Growth Indicator; activity has been flat or falling for 20 consecutive rolling-quarters, with services sector volumes down at fastest pace since January 2023

HCOB Flash Eurozone Composite PMI Output Index rose to 49.9 in March from 49.2 in February, indicating a near-stabilization of activity; modest recovery of service sector output gained momentum, alongside softening in rate of manufacturing output decline

S&P Global Flash UK PMI registered 52.9 in March, down fractionally from 53.0 in February but showing growth for the fifth consecutive month; manufacturing production increased for the first time since February 2023

S&P Global Flash US Composite PMI posted 52.2 in March, down slightly from 52.5 in February but still signaling monthly improvement in business activity at US companies; slowdown in pace of output growth reflected loss of momentum in the service sector

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