Eurozone flash composite PMI increased in December after two successive months of decline, rising to 52.1 from 51.7 in November. However, the upturn was uneven as manufacturing PMI increased to a 31-month high of 52.7 from 51.6 and services slipped to 51 from 51.2. Germany powered ahead, while France, in the words of Markit, "looks increasingly like the new 'sick man of Europe.'" The euro was +0.2% at $1.3774 at the time of writing.
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