Eurozone private sector expanded at the fastest pace in 15 months in August on stronger growth in manufacturing output despite challenges posed by U.S. trade tariffs. The HCOB flash composite output index climbed more-than-expected to 51.1 in August from 50.9 in July, survey results from S&P Global revealed Thursday. The score was seen at 50.7.
The robust expansion was driven by the manufacturing sector, where production increased the most in almost three-and-a-half years. Services activity registered growth for the third month but the expansion was only marginal. "Despite headwinds like U.S. tariffs and general uncertainty, businesses across the eurozone seem to be coping reasonably well," Hamburg Commercial Bank Chief Economist Cyrus de la Rubia said.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.