|Euro area private sector continued to maintain a robust pace of expansion in January, flash survey data from IHS Markit showed Tuesday. The composite output index fell slightly to 54.3 in January from 54.4 in December. Nonetheless, any reading above 50 indicates expansion in the sector. Moreover, the latest reading was the second highest since December 2015 and one of the highest readings seen over the past five-and-a-half years. The flash services Purchasing Managers' Index dropped to a 3-month low of 53.6 in January from 53.7 in the previous month. Meanwhile, the manufacturing PMI rose to a 69-month high of 55.1 in January from 54.9 a month ago.
Powered by Commodity Insights