Economics

Europe’s Recovery Threatened by Supply-Chain, Inflation Squeeze

Euro-area composite PMI rose to 60.6 in July from 59.5 in June
Latest surge in infections damped business confidence

WATCH: ECB President Christine Lagarde said at a briefing Thursday that the pandemic still threatens the recovery.Source: Bloomberg

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By Fergal O'Brien

July 23, 2021 at 3:31 AM EDT

Updated on

July 23, 2021 at 4:00 AM EDT

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Europe’s post-lockdown economic surge strengthened in July, but businesses warned of threats to the outlook in the form of shortages of raw materials, delivery delays and rising costs.

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