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. Last Updated: 07/27/2016

PMI Hits Record High

LONDON -- The Reuters Eurozone Purchasing Managers' Index rebounded in February after a January dip linked to Y2K.

Index data released Wednesday also showed input prices hit a record high partly due to the weak euro, but some economists still doubted the European Central Bank would raise interest rates when it meets Thursday.

The PMI was a strong 57.1 last month, the second-highest reading in the index's 33-month history and above economists' average forecast of 56.4, which is compiled from a survey of more than 1,500 manufacturing companies.