Eurozone business activity slows, input costs hit over two-decade high

“September’s flash PMI highlights an unwelcome combination of sharply slower economic growth and steeply rising prices,” said Chris Williamson, chief business economist at IHS Markit, in a statement.

FRANKFURT: Eurozone business activity grew at its weakest pace in five months in September as curbs to limit the Delta variant of coronavirus hit demand and supply-chain constraints pushed input costs to a more than two-decade high, a survey showed yesterday.

Despite daily infection rates slowing significantly over the past month, most remaining restrictions are unlikely to be lifted anytime soon in major economies, including Germany and France, on concerns over how the pandemic might develop in the months ahead.