The Purchasing Managers' Index for the eurozone's manufacturing industry surprised analysts positively in February.
The index came in at 47.3 compared to 46.6 in January. According to Bloomberg's compilation, analysts had expected an index of 47.0.
Within the service sector, the index for February fell to 50.7, down from 51.3. Analysts had expected an index of 51.1.
Overall, this gives a composite index for the eurozone in February of 50.2, which is the same level as the previous month.
An index below 50 indicates decreased activity.
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