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FPXE - Eurozone Prices Spike Higher As Economy Grows At Fastest Rate For 15 Years
First Trust IPOX Europe Equity Opportunities ETF
The eurozone economy is booming at a pace not seen for 15 years as businesses report surging demand.
As business conditions return to normal in 2021, the relationship of the PMI with GDP will therefore likely be fully re-established.
However, the strength of the upturn - both within Europe and globally - means firms are struggling to meet demand, suffering shortages of both raw materials and staff.