Eurozone business activity improved in February, led by services sector growth; inflationary pressures rise.
Eurozone business activity improved in February, led by the services sector's expansion for the first time since July. The composite PMI rose to 49.2 from 47.9 in January, while the services PMI increased to 50.2 from 48.4. However, inflationary pressures are building, with both input and output price indexes rising. The European Central Bank is expected to maintain high interest rates to combat inflation.
March 05, 2024
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