The HCOB Flash Eurozone purchasing managers’ index registered a figure of 51.9 for the month, up from 51.3 in January and the highest reading in three months.
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The benchmark index’s early weakness was driven by profit-taking following yesterday’s 0.62% gain, says analyst.
The 19% rate is on par with US deals with Southeast Asian rivals such as Malaysia, Cambodia, Thailand and the Philippines.
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