Mumbai, March 3 -- The HCOB Eurozone Manufacturing PMI rose to 47.6 in February from 46.6 in January, marking the mildest contraction since early 2023. Germany, France, Italy, and Austria saw softer declines, while the Netherlands stabilized and Ireland expanded. However, Spain's factory activity shrank for the first time in over a year. Output and new orders fell at slower rates, though job cuts accelerated to the fastest pace in over four years. Input costs increased to a six-month high, but business confidence improved to its strongest levels since the start of the Ukraine conflict.
Published by HT Digital Content Services with permission from Capital Market....