The seasonally adjusted S&P Global Eurozone PMI Composite Output Index remains sub-50 and in contraction territory for a sixth consecutive month with a print of 49.3, which was up from 47.8 in November. The data signalled the slowest decline since last July, when activity levels first started shrinking. The decrease has now softened in each of the past two survey periods. Eurozone Services PMI Business Activity Index rose to 49.8 in December, up from 48.5 in November with signs of a marginal decline in service sector output across the euro area. Overall, this was the softest decrease in activity since last August.
