Eurozone growth slows as prices jump

The recovery of the eurozone economy is losing steam, a closely watched survey said on Friday, with big supply chain problems at factories causing price hikes not seen in twenty years.

“The ongoing pandemic means supply chain delays remain a major concern,” warned Chris Williamson, Chief Business Economist at IHS Markit.

This was “constraining production and driving prices ever higher both in the manufacturing and in the services sector,” he said.

The purchasing managers’ index (PMI), which measures corporate confidence, demonstrated the slowdown clearly.

–  AFP