FXstreet.com (Barcelona) - Business activity in the Euro Zone's services sector has remained practically unchanged in January, that is contracting for the seventh consecutive month, according to the Services Purchasing Managers Index.

In January, services PMI ticked p to 42.2 from 42.1 in December, too short of the experts' expectations of an increase to 42.5. Services PMI has remained in levels below 50, which means contraction of the sector's activity, since May last year.