In a month during which virus containment measures were tightened in the face of further waves of infections, the eurozone economy showed encouraging strength. The eurozone flash PMI once again beat expectations, exceeding the consensus for
Eurozone Economic Recovery Gathers Momentum As Manufacturing Booms
Summary
- Flash Eurozone PMI at second-highest since September 2018, future expectations at new all-time high.
- Record expansion of manufacturing output accompanied by return to growth in services.
- Jobs growth highest since November 2018.
- Input cost inflation at decade high.
- PMI data for coming months could steer ECB.
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