By Syndicated Content
May 3, 2021 3:03 AM
LONDON (Reuters) â Euro zone factory activity growth reached a record high last month, boosted by surging demand, driving a swell in hiring although supply side constraints led to an unprecedented rise in unfulfilled orders, a survey showed.
While a third wave of coronavirus infections in Europe has forced some governments to shutter much of their dominant service industries, factories have largely remained open.
IHS Markitâs final Manufacturing Purchasing Managersâ Index (PMI) rose to 62.9 in April from Marchâs 62.5, albeit below the initial 63.3 âflashâ estimate but the highest reading since the survey began in June 1997.
Eurozone factory activity growth surges to a record high in April
6 hours ago A BMW employee assembles a motorcycle at the company’s factory in Berlin. Reuters
Eurozone factory activity growth surged to a record high in April, boosted by burgeoning demand and driving a rise in hiring, although supply constraints led to an unprecedented rise in unfulfilled orders, a survey showed.
While a third wave of coronavirus infections in Europe has forced some governments to shutter much of their dominant service industries, factories have largely remained open.
IHS Markit’s final Manufacturing Purchasing Managers’ Index (PMI) rose to 62.9 in April from March’s 62.5, albeit below the initial 63.3 “flash” estimate but the highest reading since the survey began in June 1997.
BusinessEuro zone factories raced ahead in April, prices jumped - PMI
ReutersJonathan Cable
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Workers assemble campers at Knaus-Tabbert AG factory in Jandelsbrunn near Passau, Germany, March 16, 2021. Picture taken March 16, 2021. REUTERS/Andreas Gebert/File Photo
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Euro zone factory activity growth surged to a record high in April, boosted by burgeoning demand and driving a rise in hiring, although supply constraints led to an unprecedented rise in unfulfilled orders, a survey showed.
While a third wave of coronavirus infections in Europe has forced some governments to shutter much of their dominant service industries, factories have largely remained open.
IHS Markit s final Manufacturing Purchasing Managers Index (PMI) rose to 62.9 in April from March s 62.5, albeit below the initial 63.3 flash estimate but the highest reading since the survey began in June 1997.
by Tyler Durden
Monday, May 03, 2021 - 07:57 AM
S&P and Nasdaq futures, and European bourses were volatile but ultimately rose on Monday to kick off a new month in a quiet session which saw several major markets closed, following a week of record earnings beat which however resulted in big stock drops with investors also keeping an eye on India covid cases and economic data to gauge the pace of recovery.
Trading was subdued with several including Japan, China and the U.K. closed for public holidays. S&P 500 futures added 0.6%, Dow e-minis were up 216 points, or 0.64%, and Nasdaq 100 e-minis were up 40.25 points, or 0.30%. Europe’s Stoxx 600 Index gained 0.4%. The yen weakened, while gold advanced.