Eurozone Markit Feb services PMI final readings now out 5 March
- 56.7 flash
- composite 57.1 vs 57.5 exp/flash
Softer revisions again but still above the 50 growth threshold level.
- Although pulling back from January’s near 12-year
high to a four-month low in February, the rate of
output growth in the euro area remained robust.
Manufacturers and service providers saw continued
strong inflows of new business, while job creation
and price pressures also remained elevated.
- The final IHS Markit Eurozone PMI® Composite
Output Index posted 57.1 in February, down from
January’s near 12-year high of 58.8, but well above
the series average of 53.0. The headline index has
signalled expansion in each of the past 56 months,
although the latest reading was slightly below the
flash estimate of 57.5.
- The manufacturing sector again registered stronger
output growth than services. Both sectors also
continued to enjoy the best periods of expansion for
seven years, despite seeing rates of increase in
output and new orders easing across the board in
Full report here