AI Data Insight
The flash Eurozone Composite Output PMI for the second quarter of 2026 rebounded to 49.5, a significant improvement from the previous 47.5, and beat market expectations. Although the overall data remains below the expansion-contraction threshold, the narrowing decline in the services sector and easing inflation pressures provide strong support for the economy bottoming out. Going forward, close attention should be paid to whether new order momentum recovers and the potential impact of cooling geopolitics on the European Central Bank's decisions.