Eurozone economic activity has all but stagnated, while some measures of inflation are now back to levels last seen almost two years ago, a closely watched survey of purchasing managers has shown.
A flash reading of HCOB’s Purchasing Managers’ index, compiled by S&P Global, was flat at 50.2 points in February.
While the reading remains above the crucial threshold of 50 that marks the difference between expansion and contraction in activity, it was weaker than the 50.5 estimate of economists polled by Reuters.
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