Conform source quotes, job creation was particularly pronounced in Germany and Austria last month, according to an IHS Markit survey of procurement managers. Manufacturers continued to face substantial supply chain bottlenecks and passed on rising costs to customers.-
As global economies try to overcome the shocks caused by the pandemic, factories in Europe operate at full capacity. Factories in North Asia are also benefiting from global demand, while activities in Southeast Asia, which is currently facing one of the biggest outbreaks of Covid-19, are reminding how quickly the crisis can break out again. .
The International Monetary Fund (IMF) has revised upwards its estimates for the 19 nations that use the single European currency, announcing that the momentum in the first four economies of the EU bloc will increase in the coming months.
The European Central Bank is preparing for a “strong” increase in production in the current quarter, although it recently warned that the number of infections and supply chain problems could affect the recovery.
“Manufacturers and suppliers are struggling to raise production levels quickly enough to meet demand by driving prices higher. Capacity constraints continue to be red, “said Chris Williamson, an economist at IHS Markit.
The new orders increased considerably in July, fueling a series of delays in the actual work processes. In fact, the shortage of materials and the current state of transport have produced record increases in production costs and selling prices.
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