The euro area private sector grew at the fastest pace since last July as a record expansion of manufacturing output was accompanied by a return to growth in the service sector, flash survey data from IHS Markit showed on Friday.
The flash composite output index rose unexpectedly to a 9-month high of 53.7 in April from 53.2 in the previous month. The score was forecast to fall to 52.8. A score above 50.0 indicates expansion.
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Business News
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.