Eurozone private sector contracted in February, following the marginal expansion seen in January, a survey by Markit Economics showed Wednesday.
The composite output index fell to 49.7 in February from 50.4 in January. Economists expected the score to remain almost steady at 50.5.
An index reading below 50 indicates contraction in activity. Nonetheless, the latest composite index was the the second-highest in six months.
The manufacturing PMI rose to 49 from 48.8 in January compared to economists' forecast for an increase to 49.4.
he services activity index scored 49.4, down from 50.4 in the previous month. The index was below 50.6 forecast by economists.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.