Eurozone factories remained in contraction; optimism rose: S&P Global
The eurozone’s manufacturing sector remained in contraction in February, but the HCOB PMI rose to 47.6, the highest in two years, signalling stabilisation. Demand declines eased, but job losses hit a four-and-a-half-year high, and input costs rose. Germany, France, and Italy saw softer contractions, while Ireland expanded. Business confidence stayed strong despite challenges.
The eurozone’s manufacturing sector remained in contraction in February, but the HCOB PMI rose to 47.6, the highest in two years, signalling stabilisation.
Demand declines eased, but job losses hit a four-and-a-half-year high, and input costs rose.
Germany, France, and Italy saw softer contractions, while Ireland expanded.
Business confidence stayed strong despite challenges.
