Euro area: Flash Manufacturing PMI

Wednesday, 22 February 2012 03:20

According to Markit manufacturing output across euro area improved by 0.2 point in February, giving total of 49 points.

It is below expectations of 49.4 points reading.

The two biggest European economies reminded in expansion area. Flash manufacturing Purchasing Managers’ Index increased more than expected in France (50.2 points) but Germany recorded decline to 50.1 points.

The couple EUR/USD was traded at 1.3222 at the time of news release.