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.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
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.