Alleviating fears of a recession, the euro area private sector activity grew the most since mid-2022 as there was a quick upturn in the services sector, while manufacturing activity landed on broad stabilization in February.The final composite output index rose to 52.0 in February from 50.3 in January, data released by S&P Global showed on Friday. The flash reading was 52.3. The reading was above...
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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.