In June, the growth of business activity in European countries broke a long-term speed record, writes CNBC with reference to the analytical company IHS Markit. Experts calculated the preliminary composite index of business activity Purchasing Managers’ Index (PMI), which allows you to assess the situation and in production, and in the service sector.
This month in the eurozone, he acceded to a level of 59.2 points compared to 57.1 points in May, and this is the highest value for 180 months – 15 years. “Extreme encouraging signs of recovery is increasingly”, “said Chris Williamson’s chief business economist.
Many EU countries begin to take restrictions on business against the background of success in vaccination of the population, and also declare their readiness to take tourists again. However, the situation in the economy remains uncertain, including due to lack of labor – even in countries with a relatively high level of unemployment.
“According to the fact that we have seen, of course, the biggest blow fell on the sphere of hospitality, on hotels, restaurants. There is very great pressure due to attempts to quickly fill the staff shortage to cope with the growth of demand, and as the removal Economic restrictions in July everything will be worse here, “explained Williamson.
The dissemination of the so-called Delta version of the coronavirus can also lead to new difficulties in the economy. New strains emerged earlier, have already become a problem for European business in winter. In January PMI, the eurozone fell to a two-month minimum of 47.5 points on the background of the introduction of strict restrictions due to increasing incidence, but the spring business activity began to restore.