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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Business News
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.