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- Euro zone services PMI rose more than expected in January
Euro zone services PMI rose more than expected in January
The final IHS Markit Eurozone PMI Composite Output Index posted 58.8 in January, its highest level since June 2006 and above the earlier flash estimate of 58.6. The headline index has signalled expansion for 55 successive months.
Growth of manufacturing production continued to outpace that of service sector activity in January. Although easing over the month, the rate of expansion in manufacturing output stayed close to December's near-record high. The performance of the service sector continued to strengthen, with business activity growth accelerating to its best since August 2007.
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