Eurozone business activity hits 31-month low amid recession fears
Eurozone business activity has reached a 31-month low, raising concerns about a potential recession. The composite Purchasing Managers' Index indicates the most significant contraction in private sector activity since 2022. Both manufacturing and services sectors are showing broad-based weakness, particularly in Germany and France.
- ▪The composite Purchasing Managers' Index dropped to a 31-month low in May.
- ▪This decline signals the sharpest contraction in private sector activity since the energy crisis fallout of 2022.
- ▪Germany and France, the eurozone's largest economies, are both experiencing significant economic struggles.
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Eurozone business activity hits 31-month low amid recession fears The sharpest contraction in private sector activity since 2022 is raising recession alarms across the bloc, with potential spillover effects for crypto markets and euro-denominated trading pairs. Share Add us on Google by Editorial Team May. 21, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); The eurozone’s economic engine just stalled in a way it hasn’t since 2022.
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