Services PMI 49.4 vs 48.9 prelimPrior 47.7Composite PMI 50.0 vs 49.5 prelimPrior 48.5<\/p>\n
Both the services and composite prints are 3-month highs respectively, reflecting a modest recovery in business activity in the euro area to wrap up Q2 2026. New business volume may have fallen for a fourth successive month, but at least the
\ncontraction was marginal and the joint-slowest seen over this
\nperiod (matching March).<\/p>\n
Alongside some stabilisation in the manufacturing sector, it signals that the wider Eurozone economy has stabilised
\nafter two months of falling output.<\/p>\n
S&P Global notes that:<\/p>\n
“Helping to lift the eurozone economy out of its downturn
\nwere sharper expansions in business activity in Italy, Spain
\nand Ireland. While the currency bloc’s two largest nations
\n– Germany and France – remained in contraction, rates of
\ndecline eased from May. In fact, the reduction in German
\nprivate sector output was only marginal.<\/p>\n
There was a further improvement in business confidence
\nacross the Eurozone in June, taking it further above April’s
\nrecent low. In fact, growth expectations for the coming 12
\nmonths were their most optimistic since the outbreak of war
\nin the Middle East.<\/p>\n
A marked easing of inflation rates since May was a key
\nfinding from the latest PMI survey data. Although input
\nprices rose sharply and at a pace that was above the
\nhistorical trend, the rate of increase was the softest in four
\nmonths. Output charges were subsequently raised by the
\nsmallest margin since March.”<\/p>\n","protected":false},"excerpt":{"rendered":"Services PMI 49.4 vs 48.9 prelimPrior 47.7Composite PMI 50.0 vs 49.5 prelimPrior 48.5 Both the services and composite…\n","protected":false},"author":2,"featured_media":776717,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":["post-776716","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/776716","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=776716"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/776716\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/776717"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=776716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=776716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=776716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}