The euro area private sector expanded at the fastest pace in 21 years in July, as the member countries eased COVID-19 restrictions, flash survey results from IHS Markit showed on Friday.At 60.6, the composite output index hit a 252-month high in July, up from 59.5 in June and economists' forecast of 60.0.The services activity grew the most in 15 years, while growth in manufacturing moderated to a ...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.