EU S&P Global Composite PMI Flash (Apr) 48.6 (Prev. 50.7, Low. 49.5, High. 51); “If the Covid-19 pandemic is excluded, this is the biggest surge in cost pressures that we have recorded since 2000".
Importance
Level 1
- “If the Covid-19 pandemic is excluded, this is the biggest surge in cost pressures that we have recorded since 2000".
- "The euro zone is facing deepening economic woes from the war in the Middle East, presenting a major headache for policymakers"
- "Increasingly widespread supply shortages meanwhile threaten to dampen growth further while adding more upward pressure to prices in the coming weeks".