HLGE - Flash PMIs Signal Stronger Developed World Growth But Rising COVID-19 Cases Cloud Outlook
- Service sector growth accelerated but is threatened by rising COVID-19 case numbers, notably in Europe, which have hit business confidence for year-ahead prospects.
- Growth in the 'G4' developed economies of the US, Eurozone, Japan and the UK had surged to an all-time high in May as economies opened up from pandemic-related restrictions.
- November saw some easing in the indices of supply delays, albeit merely to the lowest since August and still far ahead of anything ever seen prior to the pandemic.
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Flash PMIs Signal Stronger Developed World Growth, But Rising COVID-19 Cases Cloud Outlook