The euro area private sector moved close to stabilization in December as stronger manufacturing output growth helped to counter a further drop in service sector activity, flash survey results from IHS Markit showed Wednesday.
The composite output index advanced more-than-expected to 49.8 in December from 45.3 in the previous month. The expected level was 45.8.
The survey revealed that the economic impact of the second waves of virus infections has been far less severe than the first wave.
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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.