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EURO ZONE FEB ACTIVITY CONTRACTED FOR 20TH MONTH

NEWS Desk Global



The final euro zone manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, remained in contraction territory for the 20th consecutive month, registering at 46.5 in February compared to January's 46.6. While this figure surpassed the preliminary estimate of 46.1, it still fell below the crucial 50 mark that separates growth from contraction.

Despite the ongoing contraction in manufacturing activity, there were signs of stability, as the index measuring output held steady at 46.6, matching January's level and surpassing the flash estimate of 46.2. Additionally, firms expressed optimism about the future, indicating positive sentiment about the year ahead.

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