FXstreet.com (Barcelona) - Services sector's activity has entered into contraction in January, falling two points fronm December's level, according to the latest Purchasing Manager's Index.

Services PMI decreased in Germany to a level of 49.2 from 51.2 in December, in a scale which means contraction of activity in numbers below 50.

The PMI index has fallen into negative activity growth, after a continued period of decline, as it has fallen in six of the latest seven months.