The euro area private sector recovery suffered a setback in June as business activity and employment growth softened due to weak orders, preliminary results from the purchasing managers' survey by S&P Global showed on Friday.
The flash HCOB composite output index fell unexpectedly to 50.8 in June from 52.2 in May. The score was below forecast of 52.5. Nonetheless, a reading above 50.0 indicates expansion.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.