Euro area private sector logged its strongest expansion in seven months in April as the relaxation of pandemic-related restrictions boosted services growth, final data from S&P Global showed on Wednesday.
The S&P Global composite output index rose to 55.8 in April, in line with flash estimate, from 54.9 in March. The score signaled the strongest growth since September 2021.
That said, the improvement in the headline figure masked widely divergent trends at the sector level, with data revealing sharp services activity growth but a sluggish increase in manufacturing output.
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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.