Eurozone Recovery Regained Pace in Februari Despite Soaring Prices: PMI

Eurozone Recovery Regained Pace in Februari Despite Soaring Prices: PMI
Shoppers fill Cologne's main shopping street Hohe Strasse (High Street) in Cologne, Germany, on Dec. 12, 2020. Wolfgang Rattay/Reuters
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LONDON—The eurozone economic recovery regained momentum this month as an easing of COVID-19 restrictions gave a boost to the bloc’s dominant service industry, a survey showed, but consumers faced prices rising at a record rate.

As the Omicron COVID-19 variant swept across Europe some governments reimposed measures to contain its spread.