Eurozone Private Sector Slows More than Initially Thought

2026-01-06 09:15 By Luisa Carvalho 1 min. read

The HCOB Flash Eurozone Composite PMI for December 2025 was revised lower to 51.5, from a flash estimate of 51.9 and down from November’s 30-month high of 52.8.

The latest figures point to a cooling in private-sector activity, driven by a moderation in services growth (PMI at 52.4 vs 53.6) and a continued downturn in manufacturing (PMI at 48.8 vs 49.6).

New business rose in December, marking five consecutive months of growth, though the upturn slowed to its weakest since September.

Weaker demand allowed firms to reduce backlogs at the fastest rate in three months.

Employment continued to rise, with job creation ticking slightly higher from November, though growth remained marginal amid further manufacturing cuts.

Input cost inflation accelerated to a nine-month high, while output price growth held steady from November, the joint-weakest since October 2024.

Looking ahead, eurozone companies were slightly less optimistic towards the next 12 months than they were during November.



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