Euro zone Feb manufacturing PMI 55.6 vs 55.5 in Jan - sources UPDATE
April 15th, 2008 by 
admin
(Updating to add breakdown)
LONDON (AFX) - Euro zone manufacturing sector activity picked up very slightly in February, sources said of a key survey.
The purchasing managers index (PMI) for the euro zone manufacturing sector edged up to 55.6 in February from 55.5 in January, they said.
Analysts polled by AFX News had predicted a slightly bigger rise to 55.8.
A reading above 50 means that the sector is expanding.
A more detailed look at the survey showed that the prices components dipped but remained very strong, while output and orders components picked up.
The sub-index measuring input prices dropped to 64.2 from 66.5, while output prices fell to 57.5 from a series high of 58.4 in January.
Meanwhile, the index measuring employment dropped to 52.9 from 53.2.
New orders rose to 56.8 from 56.5, output picked up to 58.0 from 57.0 and new export orders increased to 56.2 from 55.3.
jessica.mortimer@thomson.com
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