This month the IHS Markit Composite Output Index of the Eurozone increased by 4,4 points, thus leaving the index at an eight-month high. With a final value of 53,2, the Eurozone recorded a return to growth for the first time since October.
Even though the IHS Markit Composite Output Index of the Eurozone demonstrated a slower rate of contraction, shifting from 47,8 in January to 48,8 in February, the indicator remains below the no-change mark of 50 for the fourth consecutive month. In addition, the latest data suggests a sustained two-speed economy with a manufacturing and service sector that keep moving further apart.
The IHS Markit Eurozone PMI Composite Output Index reached 47,8 in January, well into negative territory and down from 49,1 the month before.
The Eurozone composite PMI for December points to a contraction of activity for the second consecutive month, with an overall drop in demand and new orders.