The euro weakened against other major currencies in the European session on Friday, after data showed that the euro area manufacturing activity contracted the most since March 2025 with production levels falling for the first time since last February.
Data from S&P Global showed that the Eurozone HCOB manufacturing Purchasing Managers' Index declined to 48.8 in December from 49.6 in November. The flash score was 49.2.
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Forex News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.