Eurozone Manufacturing Sector Continues To Expand
01 Marzo 2022 - 1:09AM
RTTF2
The Euro area manufacturing sector expanded in February with
growth in both output and new orders gaining further momentum
following improvements in January, final survey data from IHS
Markit showed on Tuesday.
The manufacturing Purchasing Managers' Index fell to 58.2 in
February from 58.7 in the previous month.
The flash reading was 58.4. A score above 50.0 indicates
expansion in the sector.
"Don't let the drop in the headline PMI distract from what
should be viewed as a largely positive month for the euro area
manufacturing sector in February," Joe Hayes, a senior economist at
IHS Markit said.
grew at the fastest pace since last September. New orders grew
sharply and at the quickest pace in six months. Manufacturers
raised their employment levels.
There were also fewer supplier delivery delays across the month,
with lead times lengthening to the weakest extent for just over a
year.
Although the rates of both input cost and output price inflation
slowed in February, they were among the fastest on record.
Among big-four nations, Germany posted the strongest growth.
Italy also logged stronger expansion. Spain was the weakest-
growing of the monitored euro area nations, followed by France.
The headline IHS Markit/BME Germany manufacturing PMI remained
firmly above the 50.0 mark separating growth from contraction. But
at 58.4, the index was down slightly from January's five-month high
of 59.8. The flash reading was 58.5.
France's manufacturing PMI increased to a six-month high of 57.2
in February, from 55.5 in January. But the score was below the
preliminary 57.6.
Italy's factory PMI posted 58.3 in February, unchanged from
January's reading, to signal a twentieth consecutive monthly
improvement in the health of the Italian manufacturing sector and
one that was sharp overall. The score was forecast to fall to
58.0.
Spain's manufacturing PMI improved to a three-month high in
February, reaching 56.9 and up from 56.2 and the economists'
forecast of 56.1.
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