FXstreet.com (Barcelona) - The Purchasing Manager's Index for the services sector declined to the level of 53.1 points in December in the Euro Zone from the 54.1 points in November, according to information by NTC Economics.

The result is lower than preliminary estimations which signaled a reading of 53.2 points in the month.

Despite the deceleration observed in manufacturing and services sectors, these data is unlikely to make the ECB cut the interest rates in the next meeting, since members are concerned about inflationary pressures due to increasing oil prices.