Eurozone February PMI: Slight Economic Growth with Slowing Manufacturing Decline
Data released on February 21 showed that the Eurozone Composite PMI for February stood at 50.2, unchanged from January, indicating that the overall economic growth momentum remained stable. The Manufacturing PMI rose to 47.3, a 9-month high, while the Services PMI fell to 50.7, a 3-month low. Despite the slowing decline in manufacturing, weak demand and falling employment still pose challenges to economic recovery.
S&P Global Inc.