Euro Area: Markit Services Business Activity PMI: Preliminary

Macro

2026-06-23

Description

-

Published by
Markit (Choice)
Frequency
Monthly
Next Update

AI Data Insight

In Q2 2026 (June), the flash Eurozone Services PMI rose to 48.9, outperforming market expectations and showing significant improvement from the previous value of 46.4. As geopolitical tensions eased and energy prices fell, the growth rate of corporate input costs slowed, driving a rebound in business confidence and marginal employment growth, indicating that signs of the overall economy bottoming out and rebounding have initially appeared.

AI Data Insight

In Q2 2026 (June), the flash Eurozone Services PMI rose to 48.9, outperforming market expectations and showing significant improvement from the previous value of 46.4. As geopolitical tensions eased and energy prices fell, the growth rate of corporate input costs slowed, driving a rebound in business confidence and marginal employment growth, indicating that signs of the overall economy bottoming out and rebounding have initially appeared.

Description

-

Published by
Markit (Choice)
Frequency
Monthly
Next Update