Eurozone manufacturing PMI rises, Greece returns to growth.

Eurozone manufacturing PMI increased to a 32-month high of 54 in January from 52.7 in December. Germany led the expansion and Greek PMI returned to growth for the first time since August 2009, while Spain hit a 45-month high and France showed signs of stabilization. The data is consistent with GDP growth of 0.4-0.5% in Q1. The euro was +0.2% at $1.3516 at the time of writing.