The euro area private sector recovery halted in October as the containment measures were reintroduced to combat the second wave of Covid-19 infections, final survey results from IHS Markit showed Wednesday.
The composite output index fell to 50.0 in October from 50.4 in September. The flash score was 49.4. A score above 50 indicates expansion, while a reading below 50 suggests contraction.
The headline index masked the continuation of a two-speed economy in October. Manufacturing output grew the most in over two-and-a-half years. In stark contrast, service sector activity contracted at the fastest pace since May.
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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.