Eurozone business activity suffers surprise drop

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21 February, 15:40


(ANSAmed) – ROME, FEBRUARY 21 – Hopes that the eurozone might be on the road to recovery suffered a setback on Thursday when the area’s purchasing managers’ index (PMI), based on surveys of business activity, suffered a surprise drop.

The preliminary euro-zone PMI for services and manufacturing for February fell to a two-month low of 47.3, compared to 48.6 in January.     Some economists had hoped the index might go up.     A reading of less than 50 signals a contraction in business activity.(ANSAmed).

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