The euro area private sector contracted in July as a deepening downturn in manufacturing was accompanied by another slowdown in the service sector, final survey results from S&P Global showed on Wednesday.
In June, retail sales declined unexpectedly as high inflation weighed on spending, figures from Eurostat revealed today.
The final composite output index slid to 49.9 in July from 52.0 in June. The score was moderately above the flash 49.4. The score fell below the neutral 50.0 for the first time since February 2021, suggesting contraction in the private 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.