2026.07.0308:00:00UTC+00Eurozone Services Activity Nears Growth as HCOB PMI Climbs to 49.4 in June

The euro area’s services sector showed signs of stabilisation in June, as the HCOB Eurozone Services Purchasing Managers’ Index (PMI) rose to 49.4, up from 47.7 previously. While the index remains just below the 50.0 threshold that separates contraction from expansion, the latest reading suggests that the pace of decline in services activity is easing.

Both the previous and current indicators refer to June 2026, with the earlier figure of 47.7 now revised up to the latest reading of 49.4 as of the data update on 03 July 2026. The improvement brings the services PMI closer to the neutral mark, hinting at a potential turnaround in eurozone services if momentum continues in the coming months.

With the index still marginally in contraction territory, the data signal that conditions remain fragile across the eurozone’s key services industries, but the narrowing gap to 50 points to a less severe slowdown than earlier in the period.