Trademagazin > News and articles > Market News > The economic performance of the euro area declined less than expected in February
The economic performance of the euro area declined less than expected in February
The euro area’s economic performance had been shrinking for the fifth month in February, but to a lesser extent than in the previous month, mainly due to an unprecedented rise in the manufacturing industry that has not seen for three years – according to a survey published on Wednesday by the IHS Markit in London.
In February, the final value of the composite Purchasing Managers’ Index (PMI), which models the aggregate performance of the euro area manufacturing and services industries, climbed higher than the previous 48.1 points to 48.8 points, exceeding the January 47.8 points. (MTI)
Related news
In the second quarter, GDP grew by 0.3 percent in the euro area and in the EU on a quarterly basis
In the second quarter of this year, with a seasonal…
Read more >AM: focus is on the food industry
The food industry is of particular importance in the Hungarian…
Read more >Retail sales in the euro area decreased in June
In both monthly and annual comparisons, retail sales in the…
Read more >
More related news >
Related news
A new office responsible for food safety and retail trade can be established under the leadership of Márton Nagy
A new top organization called the National Trade Office could…
Read more >K&H: Almost two-thirds of businesses are planning development
The majority of domestic micro, small and medium-sized enterprises, 61…
Read more >KSH: industrial production fell by 8.2 percent in June
In June 2024, the volume of industrial production was 8.2…
Read more >