The euro area private sector contracted at a much slower pace in June as lockdowns related to coronavirus pandemic were further relaxed, provisional survey results published by IHS Markit showed Tuesday.
The flash composite output index advanced more-than-expected to 47.5 from 31.9 in May. The score was forecast to rise to 42.4.
The latest gain took the PMI to its highest since February, though indicating an overall decline in business output. Output decreased again in both manufacturing and services, the latter showing the slightly steeper rate of decline.
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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.