Eurozone private sector expanded strongly in May as the relaxation of the Covid-19 restrictions boosted services growth, while the expansion in manufacturing output was damped by the war in Ukraine and supply-side disruptions.
The final composite output index dropped to a four-month low of 54.8 in May from 55.8 in the previous month, survey results from S&P Global showed on Friday. The flash score was 54.9.
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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.