CEO Comité Européen de l‘Outillage 
European Tool Committee 
Europäisches Werkzeugkomittee

Machinery and hi-tech equipment drive European output growth in February

Manufacturing again dominated the output growth rankings in February, with the top six sectors all engaged in goods production. Machinery & Equipment (38-month high), Technology Equipment (33-month high) and Automobiles & Auto Parts (two-month high) registered the strongest growth, with the latter rebounding following a comparatively weak January.


All 20 sectors registered positive output expectations in February, and sentiment improved since January in 15 sectors. Meanwhile, employment rose in 13 sectors, led by Software & Services, Pharmaceuticals & Biotechnology and Machinery & Equipment.



Further information:

IHS Markit Eurozone Sector PMI February 2021



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