Eurozone flash manufacturing PMI slips to 47.8 in February from 47.9 in January; manufacturing...

|By:, SA News Editor

Eurozone flash manufacturing PMI slips to 47.8 in February from 47.9 in January; manufacturing output 47.5 vs 48.7; services 47.3 vs 48.6; composite output 47.3 vs 48.6. The data "suggests that the eurozone is on course to contract for a fourth consecutive quarter," Markit says, with the schisms in the bloc widening. "France’s downturn is likely to deepen," bringing it "more in line with the periphery than with the now solitary-looking German 'core' ". (PR)