FXstreet.com (Barcelona) - Manufacturing sector's activity has remained in January at the same level as in the previous month, while activity in the services sector has declined considerably, according to the Purchasing Manager's Index preliminary estimations.

Manufacturing PMI has remained flat at 52.6, a better than expected figure, as market analysts expected a decline to 52.1, the services PMI, however, has declined to 52.0 in January from 53.1 in December, a sharper than expected fall, as market consensus advancer a reading around 52.6.

The composite PMI has dropped to 52.7 in January from 53.3 in December.