{"id":433149,"date":"2026-07-03T15:40:07","date_gmt":"2026-07-03T08:40:07","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/eurozone-services-contraction-eases-in-june-as-cost-pressures-cool-433149\/"},"modified":"2026-07-03T15:40:07","modified_gmt":"2026-07-03T08:40:07","slug":"eurozone-services-contraction-eases-in-june-as-cost-pressures-cool","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/eurozone-services-contraction-eases-in-june-as-cost-pressures-cool-433149\/","title":{"rendered":"Eurozone services contraction eases in June as cost pressures cool"},"content":{"rendered":"<div>\n<ul>\n<li>Services PMI 49.4 vs 48.9 prelim<\/li>\n<li>Prior 47.7<\/li>\n<li>Composite PMI 50.0 vs 49.5 prelim<\/li>\n<li>Prior 48.5<\/li>\n<\/ul>\n<p class=\"text-align-justify\">Both the services and composite prints are 3-month highs respectively, reflecting a modest recovery in business activity in the euro area to wrap up Q2 2026. New business volume may have fallen for a fourth successive month, but at least the<br \/>\ncontraction was marginal and the joint-slowest seen over this<br \/>\nperiod (matching March).<\/p>\n<p class=\"text-align-justify\">Alongside some stabilisation in the manufacturing sector, it signals that the wider Eurozone economy has stabilised<br \/>\nafter two months of falling output.<\/p>\n<p class=\"text-align-justify\">S&amp;P Global notes that:<\/p>\n<p class=\"text-align-justify\">&#8220;Helping to lift the eurozone economy out of its downturn<br \/>\nwere sharper expansions in business activity in Italy, Spain<br \/>\nand Ireland. While the currency bloc&#8217;s two largest nations<br \/>\n&#8211; Germany and France &#8211; remained in contraction, rates of<br \/>\ndecline eased from May. In fact, the reduction in German<br \/>\nprivate sector output was only marginal.<\/p>\n<p class=\"text-align-justify\">There was a further improvement in business confidence<br \/>\nacross the Eurozone in June, taking it further above April&#8217;s<br \/>\nrecent low. In fact, growth expectations for the coming 12<br \/>\nmonths were their most optimistic since the outbreak of war<br \/>\nin the Middle East.<\/p>\n<p class=\"text-align-justify\">A marked easing of inflation rates since May was a key<br \/>\nfinding from the latest PMI survey data. Although input<br \/>\nprices rose sharply and at a pace that was above the<br \/>\nhistorical trend, the rate of increase was the softest in four<br \/>\nmonths. Output charges were subsequently raised by the<br \/>\nsmallest margin since March.&#8221;<\/p>\n<p>                            This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Services PMI 49.4 vs 48.9 prelim Prior 47.7 Composite PMI 50.0 vs 49.5 prelim Prior 48.5 Both the services and composite prints are 3-month highs respectively, reflecting a modest recovery in business&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-433149","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/433149","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=433149"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/433149\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=433149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=433149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=433149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}