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Euro zone manufacturing downturn eases, PMI closer to growth mark

Published 03/03/2025, 10:44
Euro zone manufacturing downturn eases, PMI closer to growth mark

Investing.com -- The manufacturing industry in the euro zone is showing signs of recovery, as the fall in demand slowed to the least severe rate in almost three years, according to a survey released on Monday.

The final euro zone manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global for Hamburg Commercial Bank (HCOB), rose to 47.6 in February.

This figure exceeds the preliminary estimate of 47.3, and is nearing the 50 threshold that distinguishes between growth and contraction.

The PMI has been below 50 since the middle of 2022, but it increased in February to 47.6, up from 46.6 in January, after a decrease in December.

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