Eurozone Preliminary Manufacturing PMI drops to 48.5 in February vs. 49.3 expected

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Eurozone Preliminary Manufacturing PMI drops to 48.5 in February vs. 49.3 expected
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Eurozone Preliminary Manufacturing PMI drops to 48.5 in February vs. 49.3 expected Eurozone PMI EconomicIndicator EURUSD Manufacturing

Bloc’s Services PMI rises to 53.0 in February vs. 51.0 expected. manufacturing sector downturn continued in February, the latest manufacturing activity survey from S&P Global research showed on Tuesday.

The Eurozone Manufacturing Purchasing Managers Index arrived at 48.5 in February vs. 49.3 expected and 48.8 previous. The index reached a two-month bottom. The bloc’s Services PMI stood at 53.0 in February vs. 51.0 estimates and January’s 50.8, hitting an eight-month high.

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