The seasonally adjusted S&P Global ‘flash’ Eurozone PMI® Composite Output Index rose for a third consecutive month in January, up from 49.3 in December to 50.2 in January, breaking above the 50.0 no-change level to thereby indicate the first expansion of business activity – albeit only marginal – since last June. The preliminary flash reading is based on approximately 85% of usual survey responses, covering both manufacturing and services. January saw service sector activity rise for the first time since last July (the services business activity index rose from 49.8 to 50.7) while manufacturing output contracted only ... (full story)