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.
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Business News
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.