The euro area's industrial producer prices were up 0.6% month over month in April, following a 3.4% rise in March, according to Eurostat data published Wednesday.
Analysts expected a 0.4% increase for the month.
On a yearly basis, producer prices climbed 4.9%, against the revised 2% increase earlier and the consensus of a 4.8% growth.
The UK government's gross reserve assets declined to $225.61 billion in May from $226.61 billion in April, according to Bank of England data published Wednesday.The amount consists of $122.51 billion in foreign currency reserves, $7.54 billion in International Monetary Fund reserve position and $39.25 billion in special drawing rights, alongside $45.55 billion in gold and $10.77 billion in other reserve assets.
Britain's private sector economy slipped into contraction territory for the first time since April 2025, as a sharper decline in service sector output more than offset accelerating manufacturing production.The S&P Global UK Composite PMI fell to a 13-month low of 49.7 in May 2026, from 52.6 previously, according to final data published Wednesday. The flash estimate stood at 48.5.Meanwhile, the services PMI was 49.3, compared with the previous 52.7 and the preliminary reading of 47.9. S&P said the final reading reflects "only a marginal decline" in the sector's output.
The euro area's private sector activity declined at a sharper rate in May, as falling demand for the bloc's goods and services impacted output, according to final data from S&P Global published Wednesday.The seasonally adjusted S&P Global Eurozone Composite PMI Output Index stood at an 18-month low of 48.5 in May, compared with the previous month's 48.8 and the flash estimate of 47.5.Meanwhile, the services PMI came in at 47.7, against the prior month's 47.6 and the initial reading of 46.4, signaling a continued contraction in services activity.