Euro Zone Business Growth Slipped to Six-Month Low in October as Price Pressures Soared

Euro Zone Business Growth Slipped to Six-Month Low in October as Price Pressures Soared
Staff wear protective masks at the Volkswagen assembly line in Wolfsburg, Germany on April 27, 2020. Swen Pfoertner/Pool via Reuters
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BENGALURU/LONDON—Euro zone business growth slipped to a six-month low in October as supply chain bottlenecks and logistical issues related to the COVID-19 pandemic pushed input prices to rise at the fastest rate in over two decades, a survey showed.

Government restrictions are being lifted in the currency bloc but shortages of raw materials in the manufacturing sector are impacting growth and the pent-up demand unleashed across the services industry is waning.