LONDON (ICIS)–Private sector activity in the eurozone returned to a growth footing for the first time in nearly half a year in January, with an expanding service sector counterbalancing stronger but still contractionary manufacturing.
Eurozone composite purchasing managers’ index (PMI) firmed to 50.2 in January compared to 49.6 in December, driven by a reading of 51.4 for the service sector, a slight decline compared to 51.6 the previous month but still firmly in growth territory.
A PMI score of above 50.0 signifies growth. The manufacturing PMI rose to 46.1, an improvement on the previous month but still a long way from growth.
Published by: www.icis.com
Tom Brown
24-Jan-2025
