The euro area manufacturing activity remained in the deep contraction zone in September on account of considerable weakness in new orders and accelerated fall in jobs, the purchasing managers' survey results from S&P Global showed on Monday.
Meanwhile, official data released on Monday suggested that the unemployment rate dropped to record lows in August indicating the resilience of the labor market.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.