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Faster eurozone economic upturn marred by record inflationary pressures and COVID-19 worries
Eurozone business activity growth accelerated in November having slipped to a six-month low in October, according to provisional flash PMI® data. The upturn was accompanied by a further marked increase in inflationary pressures during the month, as firms’ costs and average selling prices charged for goods and services both rose at record rates. Although the rate of job creation rose to the second-highest in over 21 years as firms sought to meet rising demand, optimism about the outlook sank to a ten-month low on renewed COVID-19 worries and lingering supply constraints.The headline IHS Markit Eurozone Composite ... (full story)