According to Markit Economics, the eurozone purchasing manager’s index climbed to 49.0 in February from 48.8 in January. This was right in line with economists’ estimates.The figure is at a 6-month high.
However, any reading below 50 signals contraction in the sector.
Here’s a breakdown of country-specific readings:
Spain: 45.0 vs 45.1 in Jan
Germany: 50.2 vs 51.0 in Jan
France: 50.0 vs 48.5 in Jan
Italy: 47.8 vs 46.8 in Jan