Eurozone private sector productivity decreased for the fourth month running in February, but the pace of contraction eased and was moderate.
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Eurozone private sector productivity decreased for the fourth month running in February, but the pace of contraction eased and was moderate.
Eurozone construction firms reported a sustained downturn in activity during February.
The IHS Markit Global Business Outlook Survey – based on responses from a panel of 12,000 companies between February 2-25 – pointed to a notable improvement in business confidence at the start of the year.
The eurozone’s manufacturing economy performed strongly in February as operating conditions improved to the greatest degree for three years.
In January 2021, the seasonally adjusted industrial production rose by 0.8% in the euro area and by 0.7% in the EU, compared with December 2020.
In January 2021, the euro area seasonally-adjusted unemployment rate was 8.1%, stable compared with December 2020 and up from 7.4% in January 2020.
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