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Eurozone Preliminary Manufacturing PMI Disappoints in Feb

Adel 21 February, 2022 2:25 pm Forex Market, Market Update

The Eurozone manufacturing sector activity expanded but less than expected in February, the latest manufacturing activity survey from IHS/Markit research showed on Monday.

The Eurozone Manufacturing purchasing managers index (PMI) arrived at 58.4 in February vs. 58.7 expectations and 58.7 last. The index hit two-month lows.

The bloc’s Services PMI jumped sharply 55.8 in February vs. 52.0 expected and 51.1 previous. The indicator hit three-month highs.

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