mpc.theyserveforyou.com

mpc: 7 In the euro area, business surveys pointed to growth recovering to an above-trend rate in Q4, though the weaker industrial production data pointed to some downside risks. The manufacturing purchasing managers' index (PMI) had fallen for the third successive month in January, but the services index had strengthened. German retail sales had risen strongly in December. The latest information pointed to a muted impact on German growth in the first quarter from the January VAT increase. Euro-area inflation had remained unchanged in December.