Economic activity in the eurozone returned to growth for the first time since last June in January

The data showed that the composite PMI, which combines the industrial and service sectors in the eurozone, rose to 50.2 points in January, compared to 49.3 points in December, which is the first time that the index exceeded fifty since last June.

The index measuring production, which feeds the composite PMI, rose to 49.0 points in January, compared to 47.8 points in December, the highest level in seven months. The employment index rose to 52.5 points in January, compared to 51.9 points in December, the highest level in three months.

The service PMI rose to 50.7 points in January compared to 49.8 points in December, the highest level in six months, and the industrial PMI rose to 48.8 points in January, compared to 47.8 points in December.