2025.12.1609:12:21UTC+00Eurozone Services PMI Eases to 3-Month Low

The HCOB Eurozone Services PMI decreased to 52.6 in December 2025 from 53.6 in November, marking the slowest growth in three months, according to preliminary estimates. The services sector continued its expansion for the seventh straight month and remained the key contributor to the overall growth of the eurozone, although there was a slowdown in its momentum as the year drew to a close. The growth in new orders slowed, attributed to a more pronounced decline in foreign business, yet companies continued to hire for the third consecutive month, indicating enduring demand strength. Businesses further reduced their outstanding workloads, with backlogs decreasing at the fastest rate seen in three months. On the pricing side, input cost inflation surged to a nine-month peak, primarily driven by the services sector, while output price inflation remained modest, slightly higher than in November. Business confidence among service providers declined significantly, reaching its lowest point since May, as concerns about the future, especially in Germany, impacted sentiment as the new year approached.