The euro area private sector experienced a record downturn in April due to the severe disruption caused by the coronavirus, or covid-19, pandemic, final survey results from IHS Markit showed Wednesday.
The composite output index slid to a new series low of 13.6 from March's 29.7. The flash score was 13.5.
Both manufacturing and services reported record fall in output in April. The services Purchasing Managers' Index sank to 12.0 from 26.4 in the previous month.
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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.