The Swiss economy unexpectedly expanded in Q4, rising 0.1% Q/Q vs. expectations for a 0.1% contraction. The Q3 growth rate was upwardly revised to +0.3% from +0.2%. On an annual basis, Q4 +1.3% vs. expectations of +1.1%
German Manufacturing PMI fell to 50.2 in February from 51.0 the month before, generally in-line with expectations of 50.1 and dangerously close to contractionary territory.
Eurozone February PMI edges up to 49.0 in February from 48.8, indicating the manufacturing sector is still contracting but at a slower rate. While some countries, including Germany, saw modest expansion, Greece posted a record-low reading of 37.7.
Eurozone unemployment hits 10.7% in January, the highest jobless rate since the euro was established in 1999. December was revised up to 10.6% from 10.4%. Economists had expected 10.4% in January
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