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Euro zone factory recovery faltered in Jan but still strong

Euro zone manufacturing growth remained resilient at the start of the year but the pace waned from December as renewed lockdown measures across the continent, alongside supply shortages, hurt activity, a survey showed. With coronavirus infections soaring again in Europe countries have forced vast swathes of the bloc's dominant service industry to shut their doors, leaving manufacturing to support the economy as factories have largely remained open. IHS Markit's final Manufacturing Purchasing Managers' Index (PMI) fell to 54.8 in January from December's 55.2, although that was a touch above the initial 54.7 "flash" estimate.

Euro zone manufacturing growth remains resilient in January

Euro zone manufacturing growth remains resilient in January
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European Stocks Close On Buoyant Note On Vaccine Rollout News, Higher Silver Prices

European Stocks Close On Buoyant Note On Vaccine Rollout News, Higher Silver Prices BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European stocks ended on a buoyant note on Monday, riding on positive global cues. Encouraging developments on vaccine rollout, sharp jump in silver prices and corporate earnings hopes lifted stock prices. On the vaccine front, EU president Ursula Von der Leyen said AstraZeneca will deliver about 40 million doses in the first quarter, an addition of about 9 million doses over last week s offer, and will start deliveries one week earlier than scheduled. Materials shares were among the biggest gainers as silver prices surged to a five-month high in a Reddit-fueled frenzy.

Indian manufacturing industry starts 2021 with strong growth: IHS Markit

IHS Markit is a world leader in critical information, analytics and solutions for major industries and markets. Indian manufacturing industry starts 2021 with strong growth: IHS Markit ANI | Updated: Feb 01, 2021 15:16 IST New Delhi [India], February 1 (ANI): The Indian manufacturing industry enjoyed a strong start to 2021 with companies scaling up production at the quickest pace in three months, according to the latest IHS MarkitManufacturing Purchasing Managers Index (PMI) released on Monday. Firms were successful in their stock-building initiatives with a sharper upturn in quantity of purchases underpinning the strongest rise in input inventories in over a decade. While employment fell further, job shedding moderated. Price pressures meanwhile intensified, driven by capacity constraints in supply chains.

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