Eurozone Factory Output Returned to Growth in February: PMI

LONDON—Overall activity in the eurozone’s manufacturing sector contracted again in February but output increased for the first time since May as supply chains continued to heal, a survey showed on Wednesday.
S&P Global’s final manufacturing Purchasing Managers’ Index (PMI) dipped to 48.5 in February from January’s 48.8, in line with a preliminary reading but still below the 50 mark separating growth from contraction.
However, an index measuring output, which feeds into a composite PMI due on Friday that is seen as a good guide to overall economic health, was just above breakeven at 50.1 compared to January’s reading of 48.9…. Source

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