COVID - 19: Supply chain bottlenecks and logistical problems send output down

COVID - 19: Supply chain bottlenecks and logistical problems send output down

According to a survey, supply chain bottlenecks and logistical problems sent input costs to go down and the economy, a survey showed on Tuesday that a report shows that производство activity remained strong in the euro zone last month.

The heavy goods vehicle drivers have caused the shortages of the coronaviruses, along with the shortage of heavy goods vehicle drivers, which has caused product shortages and left factories struggling to get the raw materials they need.

In October, the final Purchasing Managers' Index PMI went over an eight-month low of 58.3, shy of the initial 58.5 flash estimate but still above the 50 mark separating growth from contraction, as a result of IHS Markit's final manufacturing Purchasing Managers' Index PMI.

The индекс measuring output, which feeds into a composite PMI due on Thursday, dropped to 53.3, its lowest reading since June last year, to 53.3 from September's 55.6, its lowest reading since June last year.

The situation in euro zone markets in October went down, which curbed production growth sharply during the month, said Chris Williamson, chief business economist at IHS Markit.

The average delivery time for raw materials lengthened at a rate was only twice in the quarter of a century, as companies reported demand once again running ahead of supply for a wide variety of inputs and components. The index for input prices climbed up to 89.5 from 86.9, which was the highest since the survey began in mid 1997, as suppliers were able to Jack up their charges.

The bloc's economy continued to boom over the summer as activity rebounded after the coronaviruses were lockdowns, but inflation is blowing past expectations, according to official data last week.

In the week of last Thursday, European Central Bank President Christine Lagarde acknowledged that inflation would be high for even longer but pushed back against market bets that price pressures would cause an ECB interest rate increase as soon as next year.