EMU: PMI Manufacturing contraction slows down in January

FXstreet.com (Barcelona) - Preliminary Eurozone PMI Manufacturing rose to 47.5 points in January, from 46.1 points in December, according to data released today by Markit. Market consensus pointed to less increase to 46.8 points.

PMI Services grew to 48.3 points in January, following a 47.8 point reading the previous month and above expectations of rising only to 48 points. Composite PMI ticked up a notch to 48.2 points, from 47.2 and above forecasts of 47.5.