Euro zone business wilts in May as war-driven inflation surges, pointing to Q2 GDP contraction

Euro zone private sector activity shrank at the fastest rate in 18 months in ‌May as waning demand for goods and services — a key gauge of economic health — dragged output lower for a second month while cost pressures hit their highest level in more than three years, a survey showed.

LONDON, June 3 (Reuters) – Euro zone private sector activity shrank at the fastest rate in 18 months in ‌May as waning demand for goods and services — a key gauge of economic health — dragged output lower for a second month while cost pressures hit t… [2443 chars]

Source: Reuters | Published: 2026-06-03T08:06:36Z

Credit: Reuters