The euro area private sector economy expanded at the fastest pace in almost a year in April solely reflecting the growth in services activity, final data from S&P Global showed Thursday.
The HCOB final composite output index improved to 54.1 in April from 53.7 in March. The score has remained above the crucial 50.0 level for the fourth straight month. However, the reading was below the flash estimate of 54.4.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.