The euro area private sector experienced a record downturn in April due to the severe disruption caused by the coronavirus, or covid-19, pandemic, final survey results from IHS Markit showed Wednesday.
The composite output index slid to a new series low of 13.6 from March's 29.7. The flash score was 13.5.
Both manufacturing and services reported record fall in output in April. The services Purchasing Managers' Index sank to 12.0 from 26.4 in the previous month.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.