EU S&P Global Composite PMI Flash (Apr) 48.6 (Prev. 50.7, Low. 49.5, High. 51); “If the Covid-19 pandemic is excluded, this is the biggest surge in cost pressures that we have recorded since 2000".

The EU S&P Global Composite PMI flash reading of 48.6 marks a significant drop from the previous 50.7, signaling economic contraction.

Newsquawk StaffPublished 23 Apr 2026, 08:20 UTCOn the live feed at 08:00 UTC — 4 more headlines followed before this page went public

Newsquawk headlinesUTC

08:11

BT (BT/ LN) will work with Nscale on sovereign AI data centres in the UK, Bloomberg reports

08:08

Schindler’s (SCHP SW) CEO says Middle East is causing additional cost inflation in logistics, fuel and energy costs, and commodities

08:00

EU S&P Global Composite PMI Flash (Apr) 48.6 (Prev. 50.7, Low. 49.5, High. 51); “If the Covid-19 pandemic is excluded, this is the biggest surge in cost pressures that we have recorded since 2000".

07:56

Iran’s Supreme Leader Khamenei opposes extending negotiations under current conditions, according to an Iranian parliament national security member

07:55

[ANALYSIS] Iranian War Day 55: Trump denies 3-5 day timeline; Hormuz tensions persist

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“If the Covid-19 pandemic is excluded, this is the biggest surge in cost pressures that we have recorded since 2000".
"The euro zone is facing deepening economic woes from the war in the Middle East, presenting a major headache for policymakers"
"Increasingly widespread supply shortages meanwhile threaten to dampen growth further while adding more upward pressure to prices in the coming weeks".

Context

The notable surge in cost pressures, the highest since 2000 excluding the pandemic, indicates that supply shortages are affecting growth and sustaining inflationary pressures. This poses challenges for policymakers as they navigate an increasingly complex economic landscape, likely impacting monetary policy and market sentiment in the near term.

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