Euro Zone Factory Output Growth Stalled in April: PMI

Euro Zone Factory Output Growth Stalled in April: PMI
A worker at German manufacturer of silos and liquid tankers, Feldbinder Special Vehicles, moves rolls of aluminium at the company's plant in Winsen, Germany, on July 10, 2018. Fabian Bimmer/Reuters
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LONDON—Euro zone manufacturing output growth stalled last month as factories struggled to source raw materials while demand took a knock from steep price increases and fears about the economic outlook, a survey showed.

Russia’s invasion of Ukraine, coupled with renewed COVID-19 related lockdowns in China, have exacerbated supply chain bottlenecks and left factories struggling and forward-looking indicators in the survey did not point to an imminent turnaround.