Corrected first para
The euro area private sector expanded at the slowest pace in more than a year in June as the manufacturing output contracted for the first time in two years and growth in the service sector eased sharply, preliminary data from S&P Global showed on Thursday.
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Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.