The euro area private sector business activity contracted at the sharpest pace since January 2021 as output in both manufacturing and services sectors declined at faster rates amid high inflation, rising economic uncertainty and weakening demand, final survey results from S&P Global showed on Wednesday.
The final composite output index fell to a 20-month low of 48.1 in September from 48.9 in the previous month. The index has remained below the crucial 50.0 mark for the third straight month and was also below the flash 48.2.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.