Eurozone flash manufacturing PMI contracts to 49.2 in Feb, 68-month lows

The Eurozone manufacturing sector activity entered into contraction in the month of February, the latest manufacturing activity survey from IHS/Markit research showed.

The Eurozone manufacturing purchasing managers index (PMI) dropped further to 49.2 in February while services PMI jumped to 3-month tops of 52.3 versus 51.4 last, hitting fresh 49-month lows.

The IHS Markit Eurozone PMI Composite rose from 51.0 in January to 51.4 in February, hitting fresh 69-month lows.