Private sector activity in the euro zone contracted for a third consecutive month in June, though the pace of decline moderated compared to previous readings.
The latest Purchasing Managers' Index (PMI) data reveals a mixed picture across the region, with the easing of contraction suggesting some stabilization in business conditions despite ongoing weakness.
In Asia, India's private sector expansion decelerated to its weakest pace in three months during June.
The slowdown was driven by a broad-based softening in demand across both manufacturing and services industries, signaling potential headwinds for the world's fastest-growing major economy.
The diverging trends highlight varying pressures on global growth.
While the euro zone shows signs of the downturn losing momentum, India's deceleration raises questions about the sustainability of its recent expansion trajectory amid cooling domestic demand.