The euro area private sector growth eased in December as the manufacturing sector contracted and the services activity logged a weaker expansion, a flash survey compiled by S&P Global showed on Tuesday. The HCOB composite output index, which measures overall private sector activity, dipped to 51.9 in December from a final reading of 52.8 in November. The expected reading was 52.7.
The score signaled a monthly expansion in business activity at the end of 2025. The increase in December showed that business activity rose in each month of 2025. The last time such an expansion in each month of a calendar year was seen in 2019.
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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.