The Eurozone private sector contracted at a slower pace as Germany recovered at the end of the year, survey results from Markit Economics showed Friday.
The composite Purchasing Managers' Index rose to a nine-month high of 47.3 in December, from 46.5 in November. However, a reading below 50 suggests contraction.
The turnaround is being led by Germany, for which the PMI has already returned to positive territory, said Chris Williamson, chief economist at Markit. "The survey is still consistent with euro area GDP falling for the third successive quarter."
The flash services PMI climbed more than expected to 47.8 from 46.7 in November. The index was forecast to rise to 47 in December. The manufacturing PMI, at the same time, edged up to 46.3 from 46.2 last month. The expected reading was 46.6.
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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.