The Eurozone economic downturn deepened in September with worsening performances in both manufacturing and services with demand easing sharply as a result of the cost of living crisis, flash survey results from S&P Global showed Friday.
The flash composite output index declined to a 20-month low of 48.2 in September from 48.9 in the previous month. The reading came in line with expectations.
The score has remained below the neutral 50.0 mark for the third straight month signaling a continual economic contraction throughout the third quarter. Excluding the pandemic shocks, the latest score was the weakest since May 2013.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.