Markit Economics released its preliminary manufacturing purchasing managers' index (PMI) for the Eurozone on Wednesday. Eurozone's preliminary manufacturing PMI rose to 53.1 in December from 52.8 in November. Analysts had expected the index to remain unchanged at 52.8.

Eurozone's preliminary services PMI fell to 53.9 in December from 54.2 in November, missing expectations for a fall to 54.1.

Growth of new business supported both indexes.

"The Eurozone economy enjoyed a comfortably solid end to 2015, though policymakers are likely to remain disappointed by the relatively modest pace of expansion and lack of inflationary pressures, given the stage of the recovery and the amount of stimulus already in place", Markit's Chief Economist Chris Williamson said.

He noted that data was signalling the Eurozone's economy could expand 0.4% in the fourth quarter, meaning that the economy grew 1.5% in 2015.