Eurozone Preliminary Manufacturing PMI advances to 47.3 in February vs. 47 expected

• Eurozone Manufacturing PMI rose to 47.3 in February, beating 47 estimate.
• Bloc’s Services PMI dropped to 50.7 in February vs. 51.5 forecast.
• EUR/USD keeps losses below 1.0500 after German, Eurozone PMI data.            

The Eurozone manufacturing sector improved but remained in contraction while the services sector activity eased in February, according to the data from the HCOB's latest Purchasing Managers Index (PMI) Survey published on Friday.