Eurozone factories enjoy record growth on burgeoning demand

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However, supply constraints are currently leading to an unprecedented rise in unfulfilled orders. FMTNews

An employee works on an assembly line of electric motors at a factory in Tremery, eastern France in 2019.

IHS Markit’s final Manufacturing Purchasing Managers’ Index rose to 62.9 in April from March’s 62.5, albeit below the initial 63.3 “flash” estimate but the highest reading since the survey began in June 1997. French manufacturing growth eased off a little from March’s peak as bottlenecks weighed on the recovery but Italian factory activity grew at its fastest rate on record, sister surveys showed.

 

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