Eurozone private sector growth eased in January as the Omicron variant hit the services activity, while manufacturers benefited from easing supply constraints, flash survey results from IHS Markit showed on Monday.
The flash composite output index slid to an 11-month low of 52.4 in January, from 53.3 in December. The score was forecast to fall to 52.6. Nonetheless, a reading above 50.0 indicates expansion in the sector.
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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.