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SPEU - Eurozone Manufacturing PMI Hits Record High For Third Straight Month
SPDR® Portfolio Europe ETF
Eurozone manufacturing continued to grow at a rate unprecedented in almost 24 years of survey history in May but also indicated record capacity constraints.
Production growth would have been even stronger in May had it not been for record supply delays.
The combination of strong demand and deteriorating supply is pushing up prices to a degree unparalleled over the past 24 years.