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Eurozone Manufacturing Supported by Growing Demand in Feb. Amid PMI Drop

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Eurozone Manufacturing Supported by Growing Demand in Feb. Amid PMI Drop The Eurozone's Manufacturing PMI was posted at 58.2 in February, below 58.7 in January, although the demand for goods from the region rose the fastest since August. Source: IHS Markit Alt: Eurozone Manufacturing PMI DAX is down -2.065, EURUSD is down -0.37%. Both output and new orders posted gains in February, reflecting fewer supply chain delays, while lead times were at the weakest for at least twelve months. Consumer and intermediate goods producers showed strong improvements, while investment goods had weaker expansion despite holding the strongest performance overall. Manufacturing conditions improved the most in the Netherlands, with sharp expansions also noted in Germany and Austria. Spain posted the weakest growth in the monitored euro area countries, while France followed. Employment expansion was stable, with purchases stockpiles rising at a slower rate in February. Input and output charges slowed, although they remained among the fastest ever.

The Eurozone’s Manufacturing PMI was posted at 58.2 in February, below 58.7 in January, although the demand for goods from the region rose the fastest since August.

Source: IHS Markit

Eurozone Manufacturing PMI

Eurozone Manufacturing PMI

DAX is down -2.065, EURUSD is down -0.37%.

Both output and new orders posted gains in February, reflecting fewer supply chain delays, while lead times were at the weakest for at least twelve months.

Consumer and intermediate goods producers showed strong improvements, while investment goods had weaker expansion despite holding the strongest performance overall.

Manufacturing conditions improved the most in the Netherlands, with sharp expansions also noted in Germany and Austria. Spain posted the weakest growth in the monitored euro area countries, while France followed.

Employment expansion was stable, with purchases stockpiles rising at a slower rate in February.

Input and output charges slowed, although they remained among the fastest ever.

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