India, Feb. 21 -- The euro area private sector managed to grow for the second straight month in February with the deepening contraction in France being offset by a moderate rebound in Germany, flash data from the purchasing managers' survey by S&P Global showed on Friday.
The flash composite output index remained unchanged at 50.2 in February. Economists had forecast the indicator to rise to 50.5. A reading above 50.0 indicates expansion.
In January, the private sector output increased for the first time in five months and the latest data signaled a sustained but marginal growth in February.
The main source of growth was the service sector where activity increased for the third straight month but at the weakest extent in the current sequ...