Manufacturing has started the year promisingly in both the UK and the eurozone. In Britain the headline manufacturing purchasing managers' index slipped from 51.2 in December to 50.8 in January but the production component was at a 16-month high. More details here.
In the eurozone, the level of the PMI is lower at 47.9, but this was a big improvement on December's 46.1 and represented an 11-month high. More here.