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Euro-Area Economy Looked a Little Less Buoyant in February

  • PMI falls, Trump’s tariffs knock investor confidence lower
  • ECB Governing Council holds policy meeting this week
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Italy Is Down the List of Worries for Euro, Says Economist Dixon

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The euro-area economy may have lost a little more momentum than initially estimated in February, adding to signs that the pace of growth may be moving past its peak.

IHS Markit’s composite Purchasing Managers’ Index slipped to 57.1 from 58.8 in January. That’s the weakest in four months and below the flash estimate of 57.5. Separately, Sentix said on Monday that Donald Trump’s threat of tariffs on imported steel and aluminum undercut optimism among investors, with euro-area sentiment dropping to the lowest in almost a year.