The Wall Street Journal: Eurozone economic activity slows as 2017 gets underway

The eurozone economy lost a little of its recent momentum as the new year got under way, despite a pickup in France that may affect the dynamics of a coming presidential election.

IHS Markit Tuesday said its composite Purchasing Managers Index for the eurozone’s manufacturers and service providers, which is based on a survey of 5,000 companies, fell to 54.3 in January from 54.4 in December. A reading above 50.0 signals an increase in activity, while a reading below signals a decline.

Figures for economic activity in the final three months of last year will be released Jan. 31, but most economists—including those at the European Central Bank—estimate growth picked up from the sluggish pace of the previous six months

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