EUR to USD
Euro to Dollar Rates Live
Last Trade Date
Time
1.1230
22-May-17
16:37
EUR GBP
Euro to Pound Rates Live
Last Trade Date
Time
0.8635
22-May-17
16:37
post icon

Weak euro boosts euro zone businesses

Euro zone business activity continued to expand in February, although at a slower rate than expected, according to a closely-watched survey of the region’s services and manufacturing sectors.

The final composite reading of Markit’s purchasing managers’ index (PMI) came in at 53.3 in February, slightly below a preliminary reading of 53.5.

However it marked a rise from January’s reading of 52.6, as a weaker euro continued to give businesses in the region a boost. The 50-point mark separates expansion from contraction.

The index’s findings come after data released earlier this week showed that deflation eased in the euro zone in February , as the 19-country region awaits the European Central Bank’s (ECB) quantitative easing (QE) program.

Follow us on Twitter: @CNBCWorld

More From CNBC

  • CNBC.com News Page
  • CNBC.com Blogs Page
  • CNBC.com Earnings Central

No comments yet.

Leave a comment

Leave a Reply

*