Spain Unemployment- The number of unemployed registered in the offices of the Public Employment Services has decreased in December by 86,849 people in relation to the previous month.
Spain Services PMI- The Spanish service sector remained in growth territory at the end of 2016, with further increases in both business activity and new orders recorded in December. The headline seasonally adjusted Business Activity Index posted 55.0 in December, thereby signalling a further marked monthly rise in service sector activity.
Italy Services PMI- Business activity continued to rise in Italy’s services economy during the final month of 2016, although the rate of growth eased from November and sector job creation was at a three-month low. Italy Services index marked at 52.3 in December, down from November’s nine month high of 53.3.
Italy Services PMI – French service sector business activity rose for the sixth consecutive month during December. Furthermore, the rate of growth was the fastest seen since September and solid.
Business activity at their companies compared with one month ago – posted 52.9 in December. Up from 51.6 in November, the latest index reading pointed to a solid rate of growth that was the most marked since September.
Germany Services PMI -Germany’s service sector remained in good health at the end of 2016, despite seeing growth of business activity ease slightly. New orders rose at a slower, yet still solid, pace amid reports of improving client demand.
The final seasonally adjusted Markit Germany Services PMI Business Activity Index posted 54.3 in December, down slightly from November’s 55.1 but still signalling robust growth.
Eurozone Composite PMI -The end of 2016 saw the eurozone economy maintain a robust pace of expansion. Output growth accelerated to a 67-month high to round off the best quarter of the year.
At 54.4 in December, up from November’s 53.9, the final Markit Eurozone PMI® Composite Output Index signalled a faster rate of expansion than the earlier flash estimate.
Euro area annual inflation is expected to be 1.1% in December 2016, up from 0.6% in November 2016, according to a flash estimate from Eurostat, the statistical office of the European Union.