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Europe’s Recovery Stumbles Over Supply Squeeze Driving Inflation

  • Composite PMI falls to 54.3; economists expected drop to 55.2
  • Firms try to pass on record price increases to customers
Rail And Container Shipping Operations At Berlin's Behala Inland Port
Photographer: Liesa Johannssen-Koppitz/Bloomberg

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Euro-area businesses are reporting a sharp slowdown in activity caused by an aggravating global supply squeeze that’s also producing record inflation.