France Markit Manufacturing PMI came in at 49.2, below expectations (49.5) in January

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India goes for rebasing and adopts new methodology for GDP computations

The Statistics Office of the government of India announced the rebasing and revision of historical GDP data on Friday, with two key changes implemented. First, the base year for real GDP has been moved from fiscal year 2004/05 to 2011/12. The data should now more accurately reflect the true structure of the economy.
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Four-month high for Italy manufacturing PMI

The headline Markit/ADACI Italy Manufacturing Purchasing Managers’ Index registered at a four-month high of 49.9 in January, up from December’s 19-month low of 48.4. The biggest gains came from output and employment.
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