Eurozone Manufacturing PMI at highest level since August 2007; Germany accelerated while Spain, Ireland and Greece fell
Mar 1st, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Markit Final Eurozone Manufacturing PMI (Purchasing Manager's Index) at 54.2 in February, up from 52.4 in January, was at its highest reading since August 2007 and was above the neutral 50.0 mark for the fifth successive month. The 1.8 points rise in the index was the largest improvement since last August. The headline PMI - - a composite index based on measures of production, orders, employment, inventories and supplier performance - - was also slightly above the earlier flash estimate of 54.1. Activity in the sector accelerated in Germany while output in Spain, Ireland and Greece fell.