Mumbai, March 4 -- Eurozone business activity gathered pace in February, supported by stronger demand for goods and services, according to the latest HCOB PMI survey. The improvement marked the 14th straight month of expansion across the private sector, with companies expressing their strongest optimism about the year ahead since May 2024.
The HCOB Eurozone Composite PMI Output Index rose to 51.9 in February, up from 51.3 in January, reaching a three-month high. Any reading above 50 signals growth. The latest figure points to a faster rate of expansion, driven by improved performance in both manufacturing and services.
Among major eurozone economies, growth was broad-based. Germany led the upturn with its fastest expansion in four months....