The HCOB Eurozone Services PMI rose to 50.5 in June of 2025 from 49.7 in the previous month, revised higher from the flash estimate of 50 and firmly above the initial market expectations of 50 to reflect a slight expansion in the area’s services activity. Output was higher in the period as companies depleted their outstanding work, offsetting the further decline in new business captures in the period. Still, companies continued increasing their employment levels to extend the sequence to over four years. On the price front, input costs rose at a softer place for the third time in four months, although they remained at elevated historical levels, driving companies to raise output charges the most in three months. Looking ahead, business expectations continued to recover from April’s low, when the threat of tariffs by the US jeopardized a large portion of Eurozone export clients.
