Eurozone industrial activity rises in January

Data released by the Market Corporation today showed that the euro zone manufacturing purchasing managers' index rose to 47.8 points during January, compared to 46.3 points recorded in December. Analysts had expected the index to record 46.8 points in January.

The data also showed that the euro zone services PMI fell to 52.2 points in January, compared to 52.8 points recorded in December, while the euro zone composite PMI recorded 50.9 points in January.

The new commercial services index fell to 51.5 points in January, compared to 52.1 points recorded in December, while the composite future output index increased to 61.2 points in January from 59.4 points recorded in December.