Eurozone manufacturing PMI weakens

|By:, SA News Editor

Eurozone manufacturing PMI slipped to 53.2 (flash 53) in February from 54 in January.

The survey is consistent with industrial output growing at 1% in Q1, while GDP is set to rise 0.4-0.5%, says Markit.

"With new orders and backlogs of work still rising at reasonable rates, further ongoing expansion is signalled for coming months," Markit adds.

The euro is -0.1% at $1.3782. (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

This was corrected on 03/03/2014 at 04:19 AM. The item incorrectly stated that the data was a flash reading.