Eurozone Services PMI Eases to 3-Month Low

2025-12-16 09:12 By Joshua Ferrer 1 min. read

The HCOB Eurozone Services PMI slipped to 52.6 in December 2025 from 53.6 in November, marking the slowest expansion in three months, according to flash estimates.

Services activity continued to grow for a seventh consecutive month and remained the main driver of overall euro area expansion, though momentum softened toward year-end.

New order growth moderated amid a sharper decline in business from abroad, while firms continued to hire for a third straight month, reflecting still-resilient demand conditions.

Companies further reduced outstanding workloads, with backlogs falling at the quickest pace in three months.

On the price front, input cost inflation strengthened to a nine-month high, led by services, while output price inflation remained modest and only slightly higher than in November.

Business confidence weakened notably among service providers, slipping to the lowest level since May as outlook concerns, particularly in Germany, weighed on sentiment heading into the new year.



News Stream
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Eurozone Services PMI Eases to 3-Month Low
The HCOB Eurozone Services PMI slipped to 52.6 in December 2025 from 53.6 in November, marking the slowest expansion in three months, according to flash estimates. Services activity continued to grow for a seventh consecutive month and remained the main driver of overall euro area expansion, though momentum softened toward year-end. New order growth moderated amid a sharper decline in business from abroad, while firms continued to hire for a third straight month, reflecting still-resilient demand conditions. Companies further reduced outstanding workloads, with backlogs falling at the quickest pace in three months. On the price front, input cost inflation strengthened to a nine-month high, led by services, while output price inflation remained modest and only slightly higher than in November. Business confidence weakened notably among service providers, slipping to the lowest level since May as outlook concerns, particularly in Germany, weighed on sentiment heading into the new year.
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