Business index drops in Eurozone

The Eurozone’s purchasing managers’ index dropped sharply in February, falling from 38.3 to 36.2, market researchers at Markit said.

The decrease decisively wiped away the idea that declines had ended, Markit Chief Economist Chris Williamson said. There appears to be no sign of a bottoming out, he said, the Financial Times reported Friday.

The purchasing managers survey in the Eurozone’s largest economy, Germany, pointed out a particular weakness in demand from the U.S. and Asia, the Times reported.