At 50.6, the final PMI composite index for June signalled a faster expansion of business activity. The latest print is 0.4 points above the flash estimate and consensus.
At the national level, the best-performing countries were Ireland (52.8), Spain (52.1), Italy (51.1), and Germany (50.4), all of which experienced an expansion of business activities. The weaker performing country was France (49.2), which contracted, falling short of the 50-growth threshold.

The final services PMI for May was 50.5, 0.5 points above th flash estimate and consensus. This signalled slight expansion of service activity. New business fell again in June for the fifth month in a row, which limited growth. Employment continued its modest increase. Business optimism recovered from April's record two and a half year low, to its highest in 2025. However, it remains below the historical standard. Input costs eased, however output charges continued to increase in June.

The Eurozone PMI composite continued to expand in June. Today's data put the Eurozone RPI at minus 21 and the RPI-P at minus 25, meaning that economic activity is overall falling short of market expectations.

No change from the flash at 50.2 is the call for the June composite final, flat from 50.2 in May. No change is expected from the flash at 50.0 for services, up from 49.7 in May.

The Composite Purchasing Managers' Index (PMI) provides an estimate of private sector output for the preceding month by combining information obtained from surveys of the manufacturing and service sectors of the economy. Results are synthesised into a single index which can range between zero and 100. A reading above (below) 50 signals rising (falling) output versus the previous month and the closer to 100 (zero) the faster is output growing (contracting). The report also contains the final estimate of the services PMI. The data are provided by S&P Global using a representative sample of around 5,000 manufacturing and services companies, the former including Germany, France, Italy, Spain, the Netherlands, Austria, the Republic of Ireland and Greece and the latter Germany, France, Italy, Spain and the Republic of Ireland.

Investors need to keep their fingers on the pulse of the economy because it dictates how various types of investments will perform. By tracking economic data such as the purchasing managers' manufacturing indexes, investors will know what the economic backdrop is for the various markets. The stock market likes to see healthy economic growth because that translates to higher corporate profits. The bond market prefers less rapid growth and is extremely sensitive to whether the economy is growing too quickly and causing potential inflationary pressures.