Euro zone business boom roared on in August -PMI By Reuters

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Euro zone business boom roared on in August -PMI© Reuters. FILE PHOTO: Staff wear protective masks at the Volkswagen assembly line in Wolfsburg, Germany, April 27, 2020. Swen Pfoertner/Pool via REUTERS

LONDON (Reuters) – Euro zone business activity remained strong this month, only dipping from July’s two-decade high pace, as a rapid vaccination drive against the coronavirus allowed more businesses to reopen and customers to venture out, a survey showed on Monday.

Without ongoing supply chain disruptions activity could have expanded faster but fears new coronavirus strains may lead to renewed restrictions continued to put a dent in optimism.

IHS Markit’s Flash Composite Purchasing Managers’ Index, seen as a good guide to economic health, fell to 59.5 in August from 60.2 last month. It was ahead of the 50-mark separating growth from contractio

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