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PMIs: Eurozone business activity soars to 15-year high

PMI: Eurozone business activity soars to 15-year high whatsapp IHS Markit’s latest Eurozone purchasing managers’ composite output index rose to 60.2 in July (Photo by Rafael Yaghobzadeh/Getty Images) The rapid rollout of Covid vaccines across Europe is fuelling consumer spending, helping to propel business activity in the Eurozone to a 15-year high, according to a closely watched survey released today. IHS Markit’s latest Eurozone purchasing managers’ composite output index rose to 60.2 in July, driven by an acceleration in manufacturing growth and strong consumer spending in the services industry. The vaccine rollout in Europe has gathered pace in recent months after a sluggish start, which has helped to dampen the severity of health implications from Covid infections.

US: Markit Services PMI edged lower to 59 9 in July from 64 6

US: Markit Services PMI edged lower to 59 9 in July from 64 6
fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.

US Services Surveys Signal Stagflation As Prices Soar

US Services Surveys Signal Stagflation As Prices Soar
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