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 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.