ECONOMICS COMMENTARY
Feb 21, 2013
Eurozone PMI signals steepening downturn in February
The Markit Eurozone PMI" Composite Output Index fell to 47.3 in February from 48.6 in January, according to the flash estimate. The decline signals a steepening of the economic downturn, contrasting with the easing trend seen in the previous three months. Business activity has now declined throughout the past year-and-a-half, with the exception of a marginal increase in January last year.
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