Eurozone business activity growth slowed for a second successive month in January as the spread of the Omicron variant took an increasing toll on the region’s economy. Although an alleviation of supply chain delays provided a welcome boost to manufacturing production, renewed COVID-19 restrictions led to a marked slowing in service sector growth. While average prices charged for goods and services meanwhile rose a rate unsurpassed in the series so far, an easing of producer input cost inflation hinted at a cooling of upward raw material price pressures. The headline IHS Markit Eurozone Composite PMI® dropped for a ... (full story)