The euro area manufacturing activity shrank for the second straight month in August, adding to fears of recession in the currency bloc, final survey data from S&P Global showed Thursday.
The final factory Purchasing Managers' Index declined to a 26-month low of 49.6 in August from 49.8 in the previous month.
The flash score was 49.7. The reading was below the neutral 50.0 mark for the second straight month.
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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.