DW – The closely-watched Purchasing Managers Index (PMI) is showing a decline in business activity for the eurozone in February. The latest reading indicates a recovery is still far off, with the recession even set to deepen. The Purchasing Managers’ Index (PMI) for the 17-nation currency area fell to 47.3 points in February from 48.6 points in January, indicating the economic downturn in the eurozone deepened during the month, the London-based Markit research group said on Thursday. Read Article
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