The euro area private sector downturn continued in November with the sustained decline in new business signaling a shallow recession in the region towards the end of the year.
The HCOB composite output index registered 47.6, up from a 35-month low of 46.5 in October, the purchasing managers' survey results from S&P Global revealed on Tuesday.
Moreover, the score was also above the flash level of 47.1 and hit the highest since July.
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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.