The euro area manufacturing sector contracted at the fastest pace since mid-2020 due to further slides in output and new orders, final data from S&P Global showed on Monday.
The final manufacturing Purchasing Managers' Index fell to 48.4 in September from 49.6 in the previous month. The score was slightly below the flash estimate of 48.5. The index slumped to its lowest level since June 2020.
"The ugly combination of a manufacturing sector in recession and rising inflationary pressures will add further to concerns about the outlook for the eurozone economy," Chris Williamson, chief business economist at S&P Global Market Intelligence said.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.