EU S&P Global Services PMI Flash (Apr) 47.4 vs. Exp. 49.9 (Prev. 50.2, Low. 49.2, High. 50.5)

The EU S&P Global Services PMI Flash for April printed at 47.4, significantly below expectations of 49.9 and down from the previous 50.2.

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 Services PMI Flash (Apr) 47.4 vs. Exp. 49.9 (Prev. 50.2, Low. 49.2, High. 50.5)

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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Context

This miss suggests a contraction in the services sector, potentially indicating slowing economic activity and raising concerns about future growth; implications for monetary policy may arise as the ECB reassesses its rate path in response to persistent weakness.

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