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Euro zone business activity slows in February - PMI

Published 02/22/2016, 07:16 AM


Investing.com - Private sector business activity in the euro zone grew at the slowest rate in over a year in February data on Monday showed.

The euro zone composite PMI fell to a 13-month low of 52.7 from January’s 53.6, missing expectations of 53.3.

Manufacturing output showed the smallest increase since December 2014.

Services saw growth weaken to the slowest since January 2015.

The weak data underlined expectations for more monetary easing from the European Central Bank in March.

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