A closely monitored economic survey of the 19-country eurozone illustrates business activity cooling in February but still remaining near decade highs.
According to financial information firm IHS Markit on Wednesday elaborated that its main gauge of business activity across manufacturing and services - the so-called purchasing managers' index - slipped to 57.5 in February from the previous month's 12-year high of 58.8.
The monthly survey, which forms part of the European Central Bank's thinking when it comes to setting policy, has been one of the main indicators showing the strengthening recovery across the countries using the euro currency. Anything above 50 indicates growth, reports AP.
Chris Williamson, the firm's chief business economist, thinks the region could be headed for quarterly growth of 0.9 per cent in the first three months of the year.
