URGENT ¥¥¥ Eurozone PMI at two-month low, downturn steepening: Markit

Private business activity across the eurozone hit a two-month low in February, signalling a steepening of the economic downturn, a leading growth indicator said on Thursday.

The Purchasing Managers' Index, a leading indicator, published by London-based Markit fell to 47.3 in February from 48.6 the previous month.