Eurozone factory activity nosedives – S&P Global ...News

The key PMI index contracted for a 20th consecutive month in February, the latest data shows Manufacturing activity across the 20 countries that use the euro has continued to decline, largely due to a slowdown in the area’s leading economy Germany, according to a study by S&P Global. The report said the Purchasing Managers’ Index (PMI) for manufacturing dropped to 46.5 in February from 46.6 in January. The figure is higher than the preliminary reading of 46.1, but below the 50-mark separating growth from contraction for a 20th straight month. Total factory output across the euro area continued to shrink last month

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