Euro zone business boom roared on in August -PMI

📆 24-08-21 04:40:00
📰 Reuters

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The euro zone's closely watched Composite Purchasing Managers' Index for August hit 59.5, slightly down on the month before, but still signifies expanding business activity

But Britain's post-lockdown economic bounce-back slowed sharply as companies struggled with unprecedented shortages of staff and materials, although strong inflation pressures cooled. NL8N2PR3H9

"Second, that materials and staff shortages might feed into second-round effects of rising wage growth, meaning that inflation is higher for longer." Demand slowed marginally from July - suggesting the rebound will continue - but the services business expectations index, which measure optimism about the year ahead, dropped to 68.6 from 69.1.

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Euro zone business activity remains robust in August as jobs boomThe euro zone economy has lost some momentum but is still on track for solid growth in the third quarter of this year. wow Ensure you don’t miss out .We'll be happy to guide you through the process on how to buy and invest in Bitcoin earning 3- 9% on daily basis without having to send your funds to anyone ....Kindly send a DM to learn more
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