Eurozone Preliminary Manufacturing PMI improves to 46.1 in January vs. 45.3 expected

• Eurozone Manufacturing PMI rose to 46.1 in January, beating 45.3 forecast.
• Bloc’s Services PMI eased to 51.4 in January vs. 51.6 estimated.
• EUR/USD keeps gains near 1.0500 after German, Eurozone PMI data.            

The Eurozone manufacturing sector remained in contraction while the services sector activity expanded less-than-expected in January, according to the data from the HCOB's latest Purchasing Managers Index (PMI) Survey published on Friday.

The Eurozone Manufacturing Purchasing Managers Index (PMI) advanced to 46.1 in January, beating the market expectations of 45.3.