eurozoneŌuyuánqū欧元区composite / comprehensivezōnghé综合PMI (Purchasing Managers Index)PMIPMIMay5 yuè5月to fall to / to drop todiēzhì跌至31 months31 gè yuè31个月new lowxīn dī新低，IranYīlǎng伊朗war / conflictzhànzhēng战争to impact / shockchōngjī冲击economyjīngjì经济。
May 28, 2026 at 3:30 AM
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BusinessEurozone Composite PMI Drops to 31-Month Low in May as Iran War Weighs on Economy
The eurozone composite PMI fell to 47.5 in May 2026, the lowest in 31 months, as the ongoing war in Iran drives up energy costs and suppresses household spending across the region.
S&P Global reported that the eurozone's composite Purchasing Managers Index (PMI) for May fell to 47.5, declining 1.3 percentage points month-on-month. This is the fastest contraction in private sector economic activity since October 2023. The Iran conflict has been identified by S&P Global as a major driving factor, causing energy prices to rise sharply. The services sector has been particularly hard hit, with May services PMI falling to 46.4, the weakest since February 2021. Rising energy costs have compressed household disposable income, in turn dampening consumer spending demand. By comparison, the United States' composite PMI for the same period held at 51.7, showing that the private sector economy continues to expand modestly. Analysts warn that if geopolitical tensions persist, the eurozone's real growth in the second quarter could decline modestly.
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