{"id":47125,"date":"2014-02-05T08:38:03","date_gmt":"2014-02-05T13:38:03","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=47125"},"modified":"2014-02-05T08:38:03","modified_gmt":"2014-02-05T13:38:03","slug":"eurozone-services-sector-expands-in-january","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2014\/02\/05\/eurozone-services-sector-expands-in-january\/","title":{"rendered":"Eurozone Services Sector Expands in January"},"content":{"rendered":"

By HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n

The services sector for the 18-bloc eurozone expanded in January, showing an improvement for the sixth month in a row, data from Markit Economics confirmed on Wednesday.<\/p>\n

Eurozone\u2019s final Purchasing Managers\u2019 Index (PMI) for the services sector expanded by 51.6 points in January, slightly higher than the reading of 51 seen in the previous month and compared with analysts forecast of 51.9 points, the reports from Markit Economics confirmed.<\/span><\/p>\n

The Eurozone\u2019s final PMI Composite came in at 52.9 points in January, picking up from the previous month\u2019s figures of 52.1 points.<\/p>\n

“The final reading of the eurozone PMI was down slightly on the earlier flash reading but nevertheless signals a very encouraging start to the year. Companies are reporting the strongest growth of business activity for two-and-a-half years, putting the economy on course to grow by 0.5% in the first quarter if this pace is sustained,\u201d Chris Williamson, chief economist at Markit said.<\/p>\n

Earlier in the week, reports revealed that activity on the eurozone\u2019s manufacturing sector came in at 54 points in January, compared to December\u2019s figures of 52.7.<\/p>\n

Germany<\/span><\/h2>\n

The figures for Germany\u2019s services sector revealed the euro area\u2019s strongest economy continued to expand in January for the eighth consecutive month, but came in below the previous month\u2019s reading, marking the lowest in two month. Germany\u2019s services PMI came in at 53.1 in January, compared to 53.5 seen in the previous month.<\/p>\n

France<\/span><\/h2>\n

The French services PMI slightly picked up to 48.9 from December reading of 47.8 and above estimates.<\/p>\n

Italy<\/span><\/h2>\n

Italy\u2019s services sector showed an improvement in January, but still failed to climb to expansion territory. The country\u2019s services PMI rose 49.44 points higher from 47.9 recorded in December and higher than analysts forecast of 48.9 points.<\/p>\n

Spain<\/span><\/h2>\n

The Spanish services sector climbed in January, as the respective reading remained in the expansion territory for the third month in a row. The country\u2019s services PMI came in at 54.9 points, compared to the reading of 54.2 seen in December.<\/p>\n

 <\/p>\n

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The post Eurozone Services Sector Expands in January<\/a> appeared first on | HY Markets Official blog<\/a>.<\/p>\n

Article provided by HY Markets Forex Blog<\/a><\/u><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

By HY Markets Forex Blog The services sector for the 18-bloc eurozone expanded in January, showing an improvement for the sixth month in a row, data from Markit Economics confirmed on Wednesday. Eurozone\u2019s final Purchasing Managers\u2019 Index (PMI) for the services sector expanded by 51.6 points in January, slightly higher than the reading of 51 … <\/p>\n

Continue reading “Eurozone Services Sector Expands in January”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-47125","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/47125","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=47125"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/47125\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=47125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=47125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=47125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}