Euro area manufacturing activity contracted for the tenth straight month in April with the latest fall being the biggest since May 2020 on declining production and orders, final data from S&P Global and Hamburg Commercial Bank showed Tuesday.
The HCOB factory Purchasing Managers' Index dropped to 45.8 in April from 47.3 in March. Nonetheless, the reading was slightly above the flash of 45.5.
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Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.