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Euro zone March factory growth slumped, downturn possible -PMI | Hellenic Shipping News Worldwide

Euro zone manufacturing growth slowed sharply last month as Russia’s invasion of Ukraine tightened supply chain bottlenecks, dampened demand and whacked confidence, a survey showed as soaring energy costs drove a broader surge in prices. Uncertainty caused by the invasion combined with an intensifying cost-of-living crisis suggests the bloc’s manufacturing industry could slide into a ...
John Stonestreet Chris Williamson European Central Bank Purchasing Manager Index Jonathan Cable

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Euro zone business growth stronger than expected in March – PMI | Hellenic Shipping News Worldwide

Euro zone business activity has been stronger than expected this month, a survey showed on Thursday, although prices also rose at a record pace, likely adding to pressure on the European Central Bank to raise interest rates. Some of that growth came from a rebound following the lifting of COVID restrictions, and the outlook is ...
Chris Williamson Hugh Lawson European Central Bank Flash Composite Purchasing Manager Index Jonathan Cable

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