(BBC) London – Unemployment across countries that use the euro edged higher in February to 10.8%. That’s up from 10.7% in January and the highest level since the introduction of the single currency in 1999.
Meanwhile, a separate report confirmed that manufacturing activity in Europe shrank in February, the eighth month in a row that the Purchasing Manager’s Index has been below 50, which indicates contraction. France was particularly weak, with manufacturing activity falling to the lowest level in almost three years.