Eurozone Factory Output Returned to Growth in February: PMI

Eurozone Factory Output Returned to Growth in February: PMI
Nikos Ballas, 31, works at Cosmos Aluminium factory in Larissa, Greece, on July 8, 2021. Alexandros Avramidis/Reuters
Reuters
Updated:

LONDON—Overall activity in the eurozone’s manufacturing sector contracted again in February but output increased for the first time since May as supply chains continued to heal, a survey showed on Wednesday.

S&P Global’s final manufacturing Purchasing Managers’ Index (PMI) dipped to 48.5 in February from January’s 48.8, in line with a preliminary reading but still below the 50 mark separating growth from contraction.