---
title: "Euro Area economy contracts for first time in over a year"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285338268.md"
description: "The Eurozone economy has contracted for the first time in over a year, with the S&P Global Eurozone Services PMI Business Activity Index dropping to 47.6 in April from 50.2 in March. This marks the fastest reduction in output since February 2021. The S&P Global Eurozone Composite PMI Output Index fell to 48.8, indicating a 17-month low. Chris Williamson from S&P Global Market Intelligence noted that the ongoing Middle East conflict is hindering recovery, suggesting a potential deepening of the downturn despite a modest 0.1% quarterly GDP decline so far."
datetime: "2026-05-06T08:32:20.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285338268.md)
  - [en](https://longbridge.com/en/news/285338268.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285338268.md)
---

# Euro Area economy contracts for first time in over a year


### Related Stocks

- [EZU.US](https://longbridge.com/en/quote/EZU.US.md)
- [FEZ.US](https://longbridge.com/en/quote/FEZ.US.md)

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