The euro area private sector contracted for the second straight month as the service sector joined manufacturing in recording output fall in August, final data from S&P Global showed on Monday.
The final composite output index fell to an 18-month low of 48.9 in August from 49.9 in the previous month. The flash score was 49.2. A reading below 50.0 indicates contraction. Although still only moderate, the rate of decline signaled in the survey was more pronounced than that seen at the start of the third quarter.
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Business News
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.