Euro-Area Manufacturers Start Year With Near-Record Momentum
- PMI slips from December reading but remains near all-time high
- IHS Markit sees inflationary pressures rising amid bottlenecks
This article is for subscribers only.
Manufacturing in the euro area grew at one of the fastest paces on record in January, with high demand fueling inflationary pressures.
A Purchasing Managers’ Index for the sector slipped to 59.6 -- matching a previous flash estimate -- from 60.6 in December, IHS Markit said on Thursday. Companies raised selling prices by the most in almost seven years, partially due to a steep increase in energy costs, the London-based company said.