Eurozone business activity grew at the fastest rate for 15 years in June as the economy re-opened further from virus-fighting restrictions and vaccine progress boosted confidence. Prices charged for goods and services rose at an unprecedented
Eurozone Prices Spike Higher As Economy Grows At Fastest Rate For 15 Years
Summary
- The eurozone economy is booming at a pace not seen for 15 years as businesses report surging demand.
- As business conditions return to normal in 2021, the relationship of the PMI with GDP will therefore likely be fully re-established.
- However, the strength of the upturn - both within Europe and globally - means firms are struggling to meet demand, suffering shortages of both raw materials and staff.
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