The IHS Markit Eurozone Manufacturing PMI fell to 50.5 in January 2019 from 51.4 in the previous month, below market expectations of 51.4, a preliminary estimate showed. The latest reading pointed to the weakest expansion in the factory sector since the current production upturn began in July 2013 as new orders declined the most since April 2013, with exports falling for a fourth successive month. In addition, outstanding work decreased while employment growth slowed sharply. On the price front, both input cost and selling price inflation eased. Looking ahead, future optimism improved slightly during the month, though remained close to recent four-year lows. Among Eurozone’s largest economies, German factory activity contracted for the first time for over four years, while French manufacturing sector returned to growth. Manufacturing PMI in the Euro Area is reported by Markit Economics.