Eurozone services PMI returns to 50, manufacturing down. The expectations of economists who, after 48.4 in January, expected an increase to 48.8 were well exceeded.
Manufacturing activity was decidedly less good, falling, according to February flash data, from 46.6 to 46.1, disappointing the forecasts of growth to 47.9. The boost from services allowed the composite index to rise from 47 to 48, above consensus expectations, stuck at 48.5 Reproduction reserved © Copyright ANSA.