Markit Economics released final services purchasing managers' index (PMI) for Germany on Wednesday. Germany's final services purchasing managers' index (PMI) slid to 55.0 in January from 56.0 in December, down from the preliminary reading of 55.4.

The index was driven by a slower growth in new orders and employment.

"German service providers remained in expansion mode at the start of 2016. Although output rose to the smallest extent in three months, the underlying rate of growth was robust overall, helped by a further sharp rise in new business," an economist at Markit, Oliver Kolodseike, said.