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Eurozone PMI falls to 12-month low in February
The rate of growth in the eurozone manufacturing sector continued to slow in February, as expansions in production, new orders, new export business and employment all lost momentum. At 51.2 in February, from 52.3 in January, the final seasonally adjusted Eurozone Manufacturing PMI® fell to a 12-month low despite posting slightly above its earlier flash estimate of 51.0. The PMI has remained above the neutral 50.0 mark for 32 successive months. Manufacturing production rose at the slowest pace for a year, as rates of expansion in new business and new export orders eased to the weakest since April 2015 and January ... (full story)