Eurozone business activity index unchanged in January

According to preliminary data from the Markit Economics Research Organization, the composite index of business activity in industry and services (PMI) of 19 Eurozone countries in January remained at the mark 50.9 points. The indicator coincided with the data for December and turned out to be worse than analysts' forecasts (growth to 51.2 points).

Despite the decline, the indicator remains slightly above level 50, which separates the expansion from the reduction.

IHS Markit Associate Director Andrew Harker said that recent data suggests that the eurozone economy again failed to capture an increase in growth. The manufacturing PMI was 47.8 and has remained below 50 for the 12-th consecutive month, although it has grown compared with 46.3 in December and well above the 46.8 forecast.