Mumbai, Jan. 23 -- The seasonally adjusted HCOB Flash Eurozone Composite PMI Output Index was unchanged at 51.5 in January, thereby signalling a further modest monthly increase in output across the euro area's private sector.

Although business activity continued to rise, the latest expansion was the joint-slowest since last September. Output has now risen in each of the past 13 months.

Manufacturing production returned to growth in January, following a first fall in output for ten months at the end of 2025. The pace of expansion was only fractional, however. Meanwhile, growth was sustained in the service sector, but here the rise was the weakest in four months.

Limiting the overall pace of expansion in January was a renewed reduction in ...