Cyrus de la Rubia Sees Eurozone Industry Reaching 44-Month High

The Eurozone manufacturing sector reached a 44-month high in February as the Purchasing Managers' Index climbed to 50.8 points during a significant industrial rebound led by Germany.Cyrus de la Rubia from HCOB stated that the data suggests a potential turning point for the economy after Germany entered expansionary territory for the first time in over three years.Despite the growth, the EU faces renewed inflationary risks from rising energy costs, which likely prevents the EU from easing its current monetary policy.