Euro-Area Factories' Slower Pace Hints That Growth Is Peaking
- Manufacturing PMI falls to 58.6, less than initially estimated
- IHS Markit sees momentum damped by weaker export orders
Goncalves, Abramowicz on a Slowdown in Euro-Area Inflation
This article is for subscribers only.
Euro-area factories maintained their robust pace of output last month, but there are mounting signs that growth momentum may have reached its limit.
The Purchasing Managers’ Index for manufacturing fell for a second month in February, and its decline since the end of 2017 has been the steepest in two years. A slowdown in export orders to the weakest in almost a year means growth could cool further, IHS Markit said on Thursday.