The Eurozone private economy stabilized in January as initially estimated, final data from Markit Economics showed Friday.
The final Markit Composite Output Index came in at 50.4 in January, up from 48.3 in December. The reading was unchanged from the earlier flash estimate and exceeded the no-change mark of 50.0 for the first time in five months.
Meanwhile, the Purchasing Managers' Index for the service sector posted 50.4, down from the earlier flash estimate of 50.5. But it stayed above December's 48.8.
"A marginal increase in service sector activity in January provides welcome news that the sector may be showing signs of stabilising after sliding back into contraction during the final four months of last year," said Chris Williamson, chief economist at Markit.
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