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Eurozone growth accelerates to nine-month high in February
The seasonally adjusted S&P Global ‘flash’ Eurozone PMI® Composite Output Index, based on approximately 85% of usual survey responses, rose for a fourth successive month in February, climbing to 52.3 from 50.3 in January to indicate the strongest expansion of business activity since last May. February’s upturn was led by the service sector, where business activity rose for a second consecutive month, the index up from 50.8 to 53.0 to register the strongest expansion since last June. Manufacturers meanwhile eked out a modest gain in production, the factory output index up from 48.9 to 50.4 to signal the ... (full story)