Eurozone private sector activity expanded at the fastest pace in nearly a year in April, driven by the reviving demand in the service sector and was accompanied by a sharp increase in employment amid a moderation in inflationary pressures and resilient business confidence, the results of the latest purchasing managers' survey by S&P Global showed Friday.
The seasonally adjusted HCOB flash composite output index rose to 54.4 in April from 53.7 in the previous month. The score was expected to remain steady at 53.7.
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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.