06-May-2026
Economy News
 
Euro Zone Services Activity Slumps in April on Weak Demand, PMI Shows
06-May-2026

Euro zone services activity contracted in ?April ?for the first time in ?almost a year, hit by weakening demand and deteriorating export business as ?the Middle East war weighed on consumer-facing sectors, a survey showed on Wednesday. S&P Global's Eurozone Services Purchasing ?Managers' Index slumped to a 62-month ?low of 47.6 in April from March's 50.2, just above a preliminary estimate of 47.4.

News Source:- https://money.usnews.com/investing/news/articles/2026-05-06/euro-zone-services-activity-slumps-in-april-on-weak-demand-pmi-shows