EMU: PMI Manufacturing unchanged at 47.9 in February

Eurozone PMI Manufacturing remained unchanged at 47.9 points in February, according to data released today by Markit. This result is almost in line with projections of a slight decrease to 47.8 points.

According to Chris Williamson, Chief Economist at Markit: “The PMI held steady in February, but some consolation can be gained from the fact that January’s reading was the highest for 11 months, suggesting that the manufacturing downturn has eased so far this year compared to the pace of decline seen throughout much of last year.”