The eurozone’s private sector expansion lost a touch of momentum in January, with the HCOB Eurozone Composite PMI easing to 51.3 from a previous reading of 51.5. Both figures relate to January 2026, indicating a modest downtick while the overall index remains above the 50-point threshold that separates growth from contraction.
The latest data, updated on 4 February 2026, suggest that while activity across the bloc is still expanding, the pace has become slightly more subdued. With the Composite PMI holding in growth territory, the numbers point to a euro area economy that is moving forward, but with limited acceleration at the start of the year. Investors and policymakers will be watching upcoming releases closely to see whether this marginal softening proves temporary or signals a more sustained cooling in momentum.
