Eurozone: Upside in the final services PMI – TDS

Analysts at TD Securities point out that we saw a bit more upside in the final services PMI prints for December, with Spain gaining 0.8pts to 52.7 (market 52.0), and Germany revised nearly a full point higher to 52.9 (market 52.0).

Key Quotes

“While the Eurozone services PMI hit a 4-month high in December, Q4 overall was its worst quarter since Q1 2014 and the overall economy continues to struggle.”