16:35 - 23.06.2026

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June 23, Fineko/abc.az. In June, the Eurozone Composite PMI demonstrated resistance to recessionary risks, exceeding analysts' forecasts, but remained below the critical mark of 50 points.

ABC.AZ informs that according to Bloomberg, the Eurozone Composite PMI from S&P Global rose from 48.5 in May to 49.5 (the forecast was 49.2). Chris Williamson, Chief Economist at S&P Global Market Intelligence, emphasized that the Bloc's economy has a chance to avoid a recession, and GDP is likely to show zero growth in the 2nd quarter. The PMI for services was 48.9, while the PMI for manufacturing was 51.3.

In terms of key countries in the region, the following trends have been recorded:

Unexpected decline in Germany: German Composite PMI fell from 48.8 to 48 points, instead of the expected increase to 49.7. The war in Iran has undermined business confidence, triggering the strongest decline in the services sector since 2022, increasing the risks of a second contraction in the German economy in the 2nd quarter.

Energy crisis in France: The country's composite index rose from 44.9 to 47.6 points (above the forecast of 46), but the sector has been declining for six consecutive months. Rising inflationary pressures due to the conflict in the Middle East are affecting purchasing power, keeping the services sector (47.4) deep in recession, although manufacturing has managed to cross the 50-point threshold.