Eurozone: Softer PMI numbers - BBH

Sandeep Kanihama FXStreet Contributor

Analysts at BBH point out that Markit reported softer eurozone flash February PMI as the manufacturing PMI fell to 58.5 from 59.6 and the service PMI fell to 56.7 from 58.0.

Key Quotes

“The composite reading of 57.5 (from 58.8) returns the much-watched indicators to November levels, and has begun the whispers that the growth momentum has peaked. New orders, output, and employment eased, though factory gate prices rose at their fastest pace since early 2011. Only country details are available in the flash reading from Germany and France, and the readings for both countries fell.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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