The euro area private sector remained close to stagnation in December

Eurozone’s private sector performance remained close to stagnation in December, as the recovery in the services sector could only partially offset the crisis in the manufacturing industry – according to the final data of the IHS Markit London-based Purchasing Manager Indexes that were released on Monday.

The Comprehensive Purchasing Manager Index (PMI) for manufacturing and services data rose to 50.9 points, a four-month high from 50.6 points in November and October. Although it is 50.6 points higher than the previously announced for December, it is still uncomfortably close to the 50 point threshold that separates performance gains from declines. (MTI)