IHS Markit Index: Strong Eurozone Business Activity in August

Business activities in the eurozone remained strong last month despite concerns about the delta strain of the coronavirus and widespread problems in supply chains, according to a survey indicating that the bloc’s economy could return to pre-Covid-19 levels by the end of the year.

The final reading of the IHS Markit Composite Purchasing Managers’ Index, which is considered a good indicator of the health of the economy, fell to 59.0 last month from a 15-year high of 60.2, but still above the 50 level that separates growth from contraction but below a “preliminary” estimate of 59.5.