The euro area private sector grew at the fastest rate in 15 years in June as the economy re-opened further from virus-fighting restrictions, flash survey data from IHS Markit showed on Wednesday.
At 59.2, the flash composite output index reached its highest level since June 2006, up from 57.1 in May. The reading was also above economists' forecast of 58.8.
Manufacturing continued to lead the upturn, reporting a twelfth successive month of output. Nonetheless, it was the service sector that again reported the biggest improvement in performance.
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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.