Mumbai, Feb. 2 -- The euro area manufacturing activity contracted at a slower pace in January as production returned to growth, final survey results from S&P Global showed on Monday. The final HCOB manufacturing Purchasing Managers' Index edged up to 49.5 in January from a nine-month low of 48.8 in December. The flash reading was 49.4. Despite the improvement, the score has remained below 50.0 for the third successive month.
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