The euro area private sector growth improved more than initially estimated in May driven by the resurgence in the services economy amid easing of the COVID-19 related restrictions, final data from IHS Markit showed on Thursday.
The final composite output index rose to 57.1 in May from 53.8 in April. The flash reading was 56.9.
Not only did May mark a third successive month of expansion, but the best recorded since February 2018, Markit said.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.