Eurozone private sector activity declined in April at the fastest rate since October 2011, final data released by Markit showed Friday.
The composite output index dropped to 46.7 in April from 49.1 in March. The headline index also came in well below its earlier flash estimate of 47.4.
Deeper downturns in output were signaled in both the manufacturing and service sectors, as the rates of contraction accelerated in both cases.
The services Business Activity Index fell to 46.9, from 49.2 in March and below the earlier flash estimate of 47.9.
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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.