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Economic News

European PMIs Move Higher

February 21, 2023
Francis Généreux
Principal Economist

The flash Eurozone PMI Composite Output Index was up again in February, from 50.3 in January to 52.3, its highest level since May 2022. Rising PMIs and PMIs topping 50 are a sign of stronger economic growth. They're also a sign central banks may have to continue raising interest rates.

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