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- Eurozone's final services PMI declines to 53.3 in February
Eurozone's final services PMI declines to 53.3 in February
Markit Economics released final services purchasing managers' index (PMI) for the Eurozone on Thursday. Eurozone's final services purchasing managers' index (PMI) declined to 53.3 in February from 53.6 in January, up from the preliminary reading of 53.0. It was the lowest level since January 2015.
The index was mainly driven by a weaker rate of improvement in new business, while job creation also slowed.
Eurozone's final composite output index fell to 53.0 in February from 53.6 in January, up from the preliminary reading of 52.7.
"The survey data raise the prospect of economic growth deteriorating further from the already meagre pace seen late last year, when GDP rose only 0.3%," Chief Economist at Markit Chris Williamson said.
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