Eurozone manufacturing downturn continues despite German stabilisation
The Eurozone manufacturing downturn continued despite German stabilisation in February, and at 47.9, up slightly from a flash reading of 47.8, the seasonally adjusted Markit Final Eurozone Manufacturing PMI was unchanged from January's 11-month high.
German industrial output fell sharply in December, putting the manufacturing core of Europe's largest economy on a weakened footing going further into this year and dealing a fresh setback to recovery hopes.