Eurozone manufacturing surge in February offsets slower growth in services
Feb 19th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Markit Flash Eurozone Composite Output Index for February, based on around 85% of normal monthly survey replies, was unchanged on January’s level of 53.7, indicating an increase in private sector output for the seventh consecutive month. Manufacturing output rose for the seventh month running, with the rate of growth accelerating to the fastest since April 2007, offsetting the sluggish services sector.