Eurozone business activity grew at the fastest rate for 21 years in July as the economy continued to reopen from COVID-19 restrictions. The strongest rise in service sector activity for 15 years was tempered, however, by a slowing in manufacturing output growth, linked in many cases to worsening supply lines. Prices charged for goods and services meanwhile rose at a pace unseen prior to June as demand again outstripped supply. Backlogs of work rose at a joint-survey record rate amid capacity constraints. Business confidence meanwhile took a hit from rising concerns over the delta variant, pushing sentiment for the ... (full story)