India, March 3 -- Eurozone manufacturing sector remained in contraction in February, but the downturn was the least marked since early 2023, final survey results from S&P Global showed on Monday.
The HCOB manufacturing Purchasing Managers' Index rose to a 24-month high of 47.6 in February from 46.6 in January. The flash reading was 47.3.
The score signaled the smallest deterioration in the health of the euro area manufacturing industry since early-2023.
"It's still too early to call it a recovery, but the PMI hints that the manufacturing sector might be finding its footing," Hamburg Commercial Bank Chief Economist Cyrus de la Rubia said.
Output declined at the softest pace in nine months, reflecting a diminished drag from demand. New or...