Services PMI 49.4 vs 48.9 prelimPrior 47.7Composite PMI 50.0 vs 49.5 prelimPrior 48.5Both 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 thecontraction was marginal and the joint-slowest seen over thisperiod (matching March).Alongside some stabilisation in the manufacturing sector, it signals that the wider Eurozone economy has stabilisedafter two months of falling output.S&P Global notes that:"Helping to lift the eurozone economy out of its downturnwere sharper expansions in business activity in Italy, Spainand Ireland. While the currency bloc's two largest nations- Germany and France - remained in contraction, rates ofdecline eased from May. In fact, the reduction in Germanprivate sector output was only marginal.There was a further improvement in business confidenceacross the Eurozone in June, taking it further above April'srecent low. In fact, growth expectations for the coming 12months were their most optimistic since the outbreak of warin the Middle East.A marked easing of inflation rates since May was a keyfinding from the latest PMI survey data. Although inputprices rose sharply and at a pace that was above thehistorical trend, the rate of increase was the softest in fourmonths. Output charges were subsequently raised by thesmallest margin since March." This article was written by Justin Low at investinglive.com.