FX.co ★ Eurozone Private Sector Momentum Builds as HCOB Composite PMI Rises in February

Business activity in the Eurozone strengthened in February, with the HCOB Eurozone Composite PMI edging higher, signalling a modest but improving expansion in the region’s private sector. The index rose to 51.9 in February 2026 from 51.3 in January 2026, according to data updated on 20 February 2026.

With the PMI remaining above the 50-point threshold that separates growth from contraction, the latest reading points to a gradual pickup in economic activity across both manufacturing and services. The February increase suggests that the Eurozone’s recovery prospects are stabilising, as firms report slightly stronger output conditions compared with the start of the year.

While the improvement is incremental, the back‑to‑back readings above 50 for January and February indicate that the bloc is maintaining expansionary momentum, an encouraging signal for investors monitoring the Eurozone’s growth trajectory in early 2026.