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While the French Services PMI for January was below expectations with a reading of 49.5 compared to 50.9 German Services PMI improved from 52.1 to 52.7 beating estimates by 0.1.
The Manufacturing PMI in France improved according to Markit Economics with a reading of 49.5, compared to forecasts of 48.1 and a previous reading of 47.5.Whereas Germany's Manufacturing PMI fell unexpectedly last month. The index declined from 51.2 to 51.0. Economists expected a reading of 51.8.
Markets now await data on Eurozone's PMI due at 09:58 GMT.
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