Eurozone economic growth accelerated in February
After two months of slowdown, economic growth in the euro area accelerated in February, according to the final figures of the joint purchasing managers’ index (BMI) published on Wednesday by the London-based S&P Global Market Intelligence economic research institute and Hamburg Commercial Bank AG.
The composite index of the services and manufacturing sectors rose to 51.9 points in February from 51.3 points in January.
It was also announced on Wednesday that the business activity index of the services sector was 51.6 It also rose from 51.5 to 51.9 points.
On Monday, it was announced that the manufacturing BMI rose to 50.8 points from 49.5 points in January.
50 points are considered the threshold separating growth from contraction.
Among the countries surveyed, the German composite index of 53.2 points was the highest in February, a four-month high. Ireland’s indicator fell to a five-month low of 52.5 points. The Italian composite value was at a three-month high of 52.1 points in February. The Spanish value fell to a nine-month low of 51.5 points, while the French indicator reached 49.9 points, which corresponds to a two-month high.
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