Eurozone Preliminary Manufacturing PMI advances to 47.3 in February vs. 47 expected
The Eurozone manufacturing sector improved but remained in contraction while the services sector activity eased in February, according to the data from the HCOB's latest Purchasing Managers Index (PMI) Survey published on Friday.
The Eurozone Manufacturing Purchasing Managers Index (PMI) advanced to 47.3 in February from 46.6 in January, beating the market expectations of 47.
The bloc’s Services PMI fell to 50.7 February from 51.3 in January. The data came in below the market forecast of 51.5 and hit a three-month low.
The HCOB Eurozone PMI Composite stayed at 50.2 in February, below the estimated 50.5 figure.
Source: FXstreet