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Eurozone services grew slightly in February, with Germany leading, but weak hiring and rising costs may delay ECB rate cuts.
Eurozone services activity expanded slightly in February, with the final composite PMI holding at 51.9, marking 14 consecutive months of growth.
Germany led the region, posting its strongest performance in four months, while France remained in contraction.
Demand rose, new business grew, and backlogs declined, though employment growth stayed weak.
Cost pressures intensified, driven by higher wages and energy costs, suggesting the European Central Bank may delay interest rate cuts.
The eurozone unemployment rate fell to 6.1% in January, the lowest in over a year, reflecting ongoing labor market improvement.
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Los servicios de la eurozona crecieron ligeramente en febrero, con Alemania a la cabeza, pero la debilidad de las contrataciones y el aumento de los costes pueden retrasar los recortes de tasas del BCE.