News | Latest Breaking News Stories & Headlines

HCOB's preliminary composite euro zone Purchasing Managers' Index sank to a 10-month low of 48.1 in November

Euro zone business activity declines abruptly in November

Euro zone business activity took a surprisingly sharp turn for the worse this month as the bloc's dominant services industry contracted and manufacturing sank deeper into recession, a survey showed today.

Business • 22 Nov 24

HCOB's composite Purchasing Managers' Index (PMI) for the euro zone climbed to 50.3 in March from February's 49.2

Euro zone business activity returned to growth in March

Euro zone business activity expanded last month for the first time since May 2023 but the recovery was uneven with a stronger than expected upturn in the bloc's dominant services industry offsetting a deeper downturn in manufacturing, a survey showed.

Business • 04 Apr 24

HCOB's composite PMI rose to 47.6 from October's near three-year low of 46.5 but remained below the 50 mark separating growth from contraction

Euro zone business activity falls again in November

The downturn in euro zone business activity eased last month but still indicates the bloc's economy will contract again this quarter as the dominant services industry continues to struggle to generate demand, a survey showed.

Business • 05 Dec 23

The euro zone's dominant services industry activity fell into decline in August, new figures show today

Euro zone services slide deepens economic gloom - PMI

The downturn in euro zone business activity has deepened far more than thought this month in a broad-based fall across the region, particularly in Germany, Europe's largest economy, a survey showed today.

Business • 23 Aug 23

HCOB's final Composite Purchasing Managers' Index dropped to an eight-month low of 48.6 in July from June's 49.9

Decline in euro zone business activity accelerating

The downturn in euro zone business activity worsened more than initially thought in July as the slump in manufacturing was accompanied by a further slowing of growth in the bloc's dominant services industry, a survey showed.

Business • 03 Aug 23

S&P Global's flash Composite Purchasing Managers' Index, seen as a good gauge of overall economic health, bounced to a 10-month high of 54.1 in March from February's reading of 52

Euro zone services firms report buoyant March

Business activity across the euro zone unexpectedly accelerated this month as consumers splashed out on services, but weakening demand for manufactured goods deepened the downturn in the factory sector, a survey showed.

Business • 24 Mar 23

S&P Global's flash Composite Purchasing Managers' Index climbed to 52.3 in February from January's 50.3

Euro zone business growth at nine-month high

Buoyant services growth meant the recovery in euro zone business activity gathered steam this month, expanding much faster than thought, according to a survey providing the latest evidence the currency union could escape a recession.

Business • 21 Feb 23

S&P Global's flash Composite Purchasing Managers' Index nudged up to 47.8 in November from 47.3 in October

Euro zone downturn eased in November - PMI

The downturn in euro zone business activity eased slightly in November but overall demand continued to decline as consumers cut spending amid a cost of living crisis, a survey showed today.

Business • 23 Nov 22

IHS Markit's flash Composite Purchasing Managers' Index rose to 54.8 in July from June's final reading of 48.5

Euro zone business activity returns to growth in July

Euro zone business activity bounced back to growth in July as more parts of the economy that were locked down to curtail the spread of the coronavirus reopened and consumers emerged from their homes to return to work and spend money, a survey showed.

Business • 24 Jul 20

IHS Markit's flash composite PMI stood at 50.2, just above September's more than six-year low final reading of 50.1

Euro zone business activity stagnates as Draghi leaves

Euro zone business activity stagnated in October as demand withered, according to a downbeat survey published today just hours before European Central Bank President Mario Draghi makes his swansong appearance.

Business • 24 Oct 19

Euro zone business activity