FEP - Eurozone Manufacturers Report Unprecedented Price Spike As PMI Hits New All-Time High

• The IHS Markit's eurozone manufacturing PMI broke new records for a fourth straight month in a row during June, rising to a new high of 63.4.
• The speed of the recent upsurge in demand has led to a sellers' market as capacity and transportation constraints limit the availability of inputs to factories.
• There are encouraging signs suggesting that companies are expanding capacity to boost supply and meet rising demand, which should alleviate some of the upward price pressures.

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