The Markit manufacturing PMI index for the euro zone has fallen three tenths in February, standing at 58.4 compared to the previous 58.7 points and forecast by the market.
The Services PMI has jumped to 55.8 in the same period since the previous 51.1, his best result in three months, surpassing the 52 points estimated by the experts.
Growth in business activity in the euro zone accelerated considerably in February as COVID-19 containment measures were relaxed. Future expectations, new orders and job growth also improved. The growth picked up especially in the services sectoralthough manufacturers also reported improvements in production profits as a result of increased demand and fewer supply bottlenecks.
However, while reduced supply delays helped reduce input cost inflation for raw materials, persistent cost pressures from higher wages and higher energy bills caused the sharpest increase in the average prices charged for goods and services in the history of the survey.
Source: Fx Street
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