Eurozone growth accelerates in February as demand strengthens
#Eurozone growth #PMI indicators #Demand strengthening #Business confidence #Inflation pressures #Germany economic performance #Services sector expansion #Input costs
📌 Key Takeaways
- Eurozone growth accelerated to a three-month high in February
- Growth driven by strengthening domestic demand for goods and services
- Germany led growth among major eurozone countries
- Input costs rose at a 34-month high amid expansion
- Business confidence reached highest level since May 2024
📖 Full Retelling
Eurozone economic growth accelerated in February as the HCOB Eurozone Composite PMI Output Index rose to 51.9 from 51.3 in January, marking a three-month high, driven by strengthening demand for goods and services across the region. The expansion extended the private sector's growth phase to 14 months, according to survey data collected between February 9-24. Both manufacturing production and services output levels rose at quicker rates compared to January, with the HCOB Eurozone Services PMI Business Activity Index climbing to 51.9 from 51.6, reaching a two-month high. New orders increased at a faster pace in February, marking the seventh consecutive month of improving sales, though primarily driven by domestic demand as new export business contracted marginally. Employment across the eurozone private sector remained virtually unchanged for the second consecutive month with no job creation recorded. Among the five eurozone countries tracked, Germany led growth with a Composite PMI of 53.2, its quickest upturn in four months, followed by Ireland at 52.5, Italy at 52.1, and Spain at 51.5. France's economy stagnated at 49.9. However, the accelerated growth came with inflationary pressures, as input costs rose at their sharpest rate since April 2023, marking a 34-month high, though the pace of output charge inflation eased slightly from January.
🏷️ Themes
Economic Growth, Regional Disparities, Inflation Pressures
📚 Related People & Topics
Consumer confidence index
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A consumer confidence index (CCI) is an economic indicator published by various organizations in several countries. In simple terms, increased consumer confidence indicates economic growth in which consumers are spending money, indicating higher consumption. Decreasing consumer confidence implies sl...
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try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Futures lower, oil rises as Iran conflict enters fifth day - what’s moving markets Oil prices surge higher as conflict threatens supply; Goldman lifts forecasts South Korean stock trading temporarily halted as KOSPI slides over 11% Goldman lifts oil price forecast amid Hormuz disruptions, lower inventories (South Africa Philippines Nigeria) Eurozone growth accelerates in February as demand strengthens By Editor Maria Ponnezhath Economic Indicators Editor Maria Ponnezhath Published 03/04/2026, 04:45 AM Eurozone growth accelerates in February as demand strengthens 0 Investing.com -- Eurozone economic growth picked up pace in February, with the HCOB Eurozone Composite PMI Output Index rising to 51.9 from 51.3 in January, marking a three-month high. The expansion extended the private sector’s growth phase to 14 months, according to survey data collected between February 9-24. The acceleration was driven by faster increases in demand for goods and services across the region. Both manufacturing production and services output levels rose at quicker rates compared to January. The HCOB Eurozone Services PMI Business Activity Index climbed to 51.9 from 51.6, reaching a two-month high. New orders increased at a faster pace in February, marking the seventh consecutive month of improving sales. The growth came from domestic order books, while new export business contracted marginally. The expansion in business activity outpaced total sales, suggesting companies also worked through backlogged orders, though the reduction in outstanding work was marginal and the slowest since October. Employment across the eurozone private sector remained virtually unchanged for the second consecutive month, with no job creation recorded. Among the five eurozone countries tracked, Germany led growth with a Composite PMI of 53.2, its quickest upturn in four months. Ireland posted 52.5, Italy reached 52.1, and Spain recorded 51.5. France’s ec...
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