Euro area private sector expansion weakened in July, driven by a deepening manufacturing downturn and a slight moderation in service sector growth, data from IHS Markit showed Wednesday.
The flash composite output index fell to 51.5 in July from 52.2 in June. The reading was also below forecast of 52.1, but the score above 50 indicates expansion.
July's composite indicator masked a widening divergence between the manufacturing and service sectors to the largest since April 2009.
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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.