Europe Intelligence Brief for Friday, February 20, 2026

2026-02-20 - 18:53

Covering Feb 20 What matters today 1 Eurozone manufacturing returns to expansion — 44-month high — flash manufacturing PMI 50.8 (from 49.5), strongest since June 2022; composite 51.9; Germany 50.7, first expansion in 3.5 years driven by defence and infrastructure spending; new orders and order backlogs rose for first time since mid-2022; France 49.9, still