The Eurozone private sector contracted for the first time since early 2021 as the manufacturing activity shrank on weak output and new orders, and the service sector growth almost stalled, flash survey results from S&P Global showed on Friday.
The flash composite output index fell to 49.4 in July from 52.0 in June. The reading was forecast to fall to 51.0.
At 50.6, the services Purchasing Managers' Index came in at a 15-month low, down from 53.0 in June. The expected score was 52.0.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
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.