The euro area private sector continued to contract in February, albeit at a slower than previously estimated pace, final data from IHS Markit showed on Wednesday.
The final composite output index rose to 48.8 in February from 47.8 in January. The reading was above the flash 48.1 but the score below 50 indicates contraction.
It is becoming clear that many virus-fighting measures will need to be in place for some time to come, in part due to the slow vaccine roll-out, Chris Williamson, chief business economist at IHS Markit said.
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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.