Eurozone economic activity rose more than expected and at the fastest pace in five months in February as restrictions to prevent the spread of coronavirus were lifted, while rising energy bills and wages led to the sharpest price increases on record.
The flash purchasing managers’ composite index for the eurozone, an important measure of the health of the manufacturing and services sectors, rose to 55.8 in February, up from 52.3 in January and the highest since September.
This was much stronger than the 52.7 forecast by economists polled by Reuters.
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