FPXE - Eurozone Economy Revives As Demand Surges At Fastest Rate For 15 Years

• Demand for goods and services is surging at the sharpest rate for nearly 15 years across the eurozone, according to flash PMI data from IHS Markit, as the region continues to reopen from covid-related restrictions.
• The headline IHS Markit Eurozone Composite PMI® rose from 53.8 in April to 56.9 in May, according to the preliminary 'flash' reading, the survey's new orders index rose even more sharply to 58.4.
• While the shortfall of production relative to new orders points to faster output growth across the manufacturing and service sectors in coming months, this imbalance of supply and demand has put further upward pressure on prices.

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