Eurozone business activity softens


Eurozone flash manufacturing PMI has slipped to 53 in February from 54 in January and missed consensus that was also 54.

Services have edged up to 51.7 from 51.6 and vs 51.9.

Composite output has fallen to 52.7 from 52.9 and vs 53.1.

Manufacturing output has declined to 55.5 from 56.7.

"A dip in the eurozone PMI provides a reminder that the region's recovery continues to be uneven and fragile," says Markit, "but it's too early to read too much into one month's data."

PMI data from January and February suggest Q1 GDP growth of 0.5%.

The euro is -0.3% at $1.3697. (PR)

ETFs: FXE, VGK, EUO, FEZ, ERO, EU, IEV, EPV, EUFN, EZU, HEDJ, DRR, FEU, EUFX, FEP, UPV, ULE, URR, ADRU, FEEU, EURL, DBEU, EURZ, FIEU

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs