Eurozone factory activity nosedives S&P Global
The key PMI index contracted for a 20th consecutive month in February, the latest data shows
Manufacturing activity across the 20 countries that use the euro has continued to decline, largely due to a slowdown in the area's leading economy Germany, according to a study by S&P Global.
The report said the Purchasing Managers' Index (PMI) for manufacturing dropped to 46.5 in February from 46.6