Business activity in the euro area unexpectedly contracted for the first time since late 2024, driven by a steep drop in services as the Iran war weighs on consumers. The report points to weakening consumer demand and a geopolitical drag on regional growth. The surprise downturn is significant enough to pressure euro-area growth expectations and sentiment.
Business activity in the euro area unexpectedly contracted for the first time since late 2024, driven by a steep drop in services as the Iran war weighs on consumers. The report points to weakening consumer demand and a geopolitical drag on regional growth. The surprise downturn is significant enough to pressure euro-area growth expectations and sentiment.
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moderately negative
Sentiment Score
-0.35
