Recovery of eurozone economy is losing steam with big supply chain problems at factories causing price hikes not seen in twenty years – survey
The recovery of the eurozone economy is losing steam with big supply chain problems at factories causing price hikes not seen in twenty years.
This was "constraining production and driving prices ever higher both in the manufacturing and in the services sector," he said. IHS Markit said it slipped to 54.3 in October, after posting 56.2 points in September and a high 59 points in August. A figure above 50 indicates growth.IHS Markit said supply problems were especially felt in Germany, the EU's export powerhouse that depends on the global economy to churn out high-value goods, such as cars and machinery.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden Could Use National Guard to Help With Supply Chain BottlenecksPresident says he would consider such a deployment to assist with supply-chain bottlenecks that have led to shortages and higher consumer costs if his administration is unable to ease the problem.
Read more »
Snap Shares Slide as It Blames Apple’s Privacy Changes for Hurting Its Ad BusinessSnap said revenue rose 57% in the latest quarter, but it expects growth to slow due to Apple's privacy changes. Shares were down 27% in after-hours trading.
Read more »
What’s plaguing the American economy? According to the Fed, it’s shortagesThe current shortfalls result from a boom in demand running headlong into sharply constrained supply chains
Read more »
Tesla's China Gigafactory has managed to boost production even amid supply chain challengesInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
Futures flat on worries over supply chain disruptions; Netflix fallsU.S. stock index futures were flat on Wednesday as investors weighed the impact of supply chain constraints and inflation on corporate earnings, while Netflix shares remained sluggish after its quarterly report.
Read more »