Driven by the deepening downturn in both services and manufacturing activity, the euro area private sector shrank for the fifth month in a row in October with output falling the most over a decade if the pandemic period is excluded. The flash composite output index posted 46.5 in October, down from 47.2 in September, the purchasing managers' survey data from S&P Global and Hamburg Commercial Bank AG showed on Tuesday.
Excluding the pandemic months, private sector activity shrunk the most since March 2013.
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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.