Economics
Euro-Area Reopening Boom Losing Steam on Delta, Supply Concerns
- PMI slipped to 59.0 in August, down from initial 59.5 reading
- Delta variant, manufacturing concerns add to natural slowdown
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The delta variant of the coronavirus and manufacturing bottlenecks dented the euro area’s reopening boom in August, though the bloc remains on track to reach its pre-pandemic level of output by the end of the year.