German business sentiment worsened in August for the second consecutive month as supply bottlenecks and concerns over the Covid-19 Delta variant clouded the short-term outlook.
The reading missed the consensus forecast from economists polled by The Wall Street Journal, who expected the index to decrease slightly to 100.3.
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Euro zone business boom roared on in August -PMIBusiness activity in the euro zone grew strongly this month, only dipping from July's two-decade high monthly pace, as a rapid COVID-19 vaccination drive allowed more firms to reopen and customers to venture out, a survey showed.
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Delta variant, supply woes crimp business activity in August -IHS Markit surveyU.S. business activity growth slowed for a third straight month in August as capacity constraints, supply shortages and the rapidly spreading Delta variant of the coronavirus weaken the momentum of the rebound from last year's pandemic-induced recession.
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