AI Data Insight
The latest Eurozone Composite PMI reported at 48.5. Although better than the consensus expectation of 47.5, it continued to decline from the previous value of 48.8, recording the fastest contraction in 18 months. Weakness in the services sector and a sharp plunge in export orders were the main drags, coupled with input costs surging by the largest margin since late 2022, highlighting the continuous escalation of stagflation risks.