February – worst month for the Eurozone in over a year

EPA/STEPHANIE PILICK

February – worst month for the Eurozone in over a year


The Eurozone had its worst month in over a year in February which, coupled with further signs of deflationary pressures, is likely to solidify expectations for further monetary policy easing, a survey found.

Financial information company Markit said Thursday that its main gauge of business activity across the 19-country single currency bloc — the so-called purchasing managers' index — slipped to 53.0 points during the month from 53.6 in January. Still the February rate was above the 52.7 init...


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