Forex News: 05.03.2007 Services sector activity in the euro area dropped slightly in February
Services sector activity in the euro area dropped slightly in February, which is indicated by PMI services index, which decreased from 57.9 points to 57.5 points during the period under report. The analysts expected even slighter decrease of the index, to 57.7 points.The reading above 50 points reflects activity rise, below 50 - slowing down.
The decline of PMI services index was conditioned by the decrease of employment index as its component. The employment index was 54.0 points, compared with 54.3 points in January.
It is important to note that the index of economic expectations, reflecting services sector perspectives, grew by 68.0 points from 67.8 points in the preceding month.
posted by Kalin Tasev @ 11:31 AM
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