The euro area private sector expanded at the fastest pace in a year in August but the overall rate was sluggish as the service sector held back growth, final survey data from S&P Global showed on Wednesday.
The HCOB composite output index rose to 51.0 in August from 50.9 in July. The score was slightly below the initial estimate of 51.1.
Growth was held back by the service sector, which logged a slight and slower upturn, while manufacturing registered its strongest increase in output in almost three-and-a-half years.
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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.