Eurozone private sector activity grew at the slowest rate for over two years in October as an export-led slowdown continued to broaden-out to the service sector amid weak manufacturing performance.
The composite output index declined more-than-expected to 52.7 from 54.1 in September, flash data from the IHS Markit's purchasing managers' survey showed on Wednesday.
The expected score was 53.9, which was the lowest score since September 2016. However, a reading above 50 indicates expansion.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.