Euro area private sector activity declined at the fastest pace in nearly three years in October due to the sharp fall in business intakes amid the gloomier economic outlook.
The HCOB composite output index posted 46.5 in October, in line with the flash estimate, final results of the purchasing managers' survey by S&P Global showed on Monday.
The score eased from 47.2 in September and signaled the biggest fall in nearly three years.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.