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Supply bottlenecks curb EU economic growth to six-month low in October, while pushing prices higher at record pace
Eurozone business activity growth slowed sharply to a six-month low in October amid increasing supply bottlenecks and ongoing COVID-19 concerns, dropping most markedly in manufacturing though also cooling in services. Survey-record price increases were meanwhile reported as firms sought to pass an unprecedented rise in costs on to customers. While job creation accelerated to the joint-highest in 21 years as firms boosted capacity to meet demand, optimism about the outlook was hit by supply concerns linked to the pandemic in manufacturing in particular. IHS Markit Eurozone PMI and GDP The headline IHS Markit Eurozone ... (full story)
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