Euro area private sector expansion weakened in July, driven by a deepening manufacturing downturn and a slight moderation in service sector growth, data from IHS Markit showed Wednesday.The flash composite output index fell to 51.5 in July from 52.2 in June. The reading was also below forecast of 52.1, but the score above 50 indicates expansion.July's composite indicator masked a widening divergen...
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Business 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.