Euro zone business activity saw very tepid growth in February as demand fell at a faster pace and an expansion in services barely offset a long-running decline in manufacturing, a survey showed. HCOB's preliminary composite euro zone Purchasing Managers' Index, compiled by S&P Global, held steady at January's 50.2 in February, only just above the 50 mark separating growth from contraction. A Reuters poll had predicted a small lift to 50.5. "February’s flash composite PMI provides more evidence that, after expanding by only 0.1% in Q4, the euro zone economy remains all but stagnant in Q1," said Adrian Prettejohn at Capital Economics.