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Eurozone Preliminary Manufacturing PMI Arrives at 57.7 in Feb

Adel 19 February, 2021 2:24 pm Breaking News, Market Update

The Eurozone manufacturing sector activity improved more-than-expected this month, the latest manufacturing activity survey from IHS/Markit research showed on Friday.

The Eurozone Manufacturing purchasing managers index (PMI) improved from 54.8 in January to 57.7 in February and beat 54.4 expectations while the Services PMI dropped to 44.7 in Feb vs. 45.9 expected and 45.4 last.

The IHS Markit Eurozone PMI Composite arrived at 48.1 in Feb vs. 48.0 expected and 47.8 previous.

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