Eurozone private sector output shrank at the steepest pace in three years in June, a survey by Markit Economics showed Thursday.
The flash Eurozone Composite Output Index remained at 46, unchanged from May's 35-month low. Economists expected a decline to 45.5. A PMI reading below 50 signals contraction in activity.
The services activity index,meanwhile, improved to 46.8 from 46.7 in May. However, the reading remained in negative territory. The reading was expected to fall to 46.4.
The purchasing managers' index for the manufacturing sector dropped to a 36-month low of 44.8 in June from 45.1 in May, in line with expectations. The manufacturing output index fell to a 37-month low of 44.4 from 44.6 in May.
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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.