Eurozone News
LAST UPDATE: June 23, 2025
Euro zone growth stalls in June with sluggish services, manufacturing
The S&P Global composite PMI held at 50.2 in June, indicating virtually no growth. The services PMI was at 50.0, while manufacturing showed no improvement .
Insight
The data signals persistent stagnation in Europe’s largest economies. Even mild growth is being hindered by low new business and cautious consumer sentiment, complicating ECB’s inflation goals.
French private sector activity contracts further in June, PMI shows
France’s flash composite PMI dropped to 48.5 in June (down from 49.3), with services at 48.7 and manufacturing at 47.8, indicating a broad-based slowdown for the tenth consecutive month (reuters.com).
Insight
Continued contraction in France, Europe’s second‑largest economy, drags on euro‑zone recovery prospects, reinforcing the narrative of stagflation and complicating ECB policy strategy.
