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Euro zone manufacturing boost

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Euro zone manufacturing boost

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The euro zone’s manufacturing sector enjoyed its best month in two and a half years in February.

The survey of purchasing managers showed Germany was a driving force; its manufacturing sector expand at its fastest pace since June 2007.

The euro trading around nine-month lows against the dollar boosted exports while firms rebuilding inventories also benefited manufacturers.

However the region’s dominant service sector expanded at a slower pace than expected.