Eurozone private sector contracted for a sixth month in a row in December, while the pace of decline slowed for a second time, suggesting that the economic downturn will be less severe than expected previously.
The flash composite output index rose to a four-month high of 48.8 in December from 47.8 in the previous month, survey results from S&P Global showed Friday. The reading was also above economists' forecast of 48.0.
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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.