Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Europe's construction industry continues to recover from the Covid-19 pandemic across the euro area, led mainly by an increase in homebuilding, but costs are rising at the fastest pace on record, a survey released Friday shows.
The eu}IHS Markit Eurozone Construction Total Activity Index rose to 50.3 in May from 50.1 in April, suggesting a third consecutive month of expansion for the sector. However, there was an "accelerated rise in input costs faced by eurozone construction firms," the survey said, with the rate of inflation the "steepest since aggregate data became available in January 2000." Higher raw material costs due to widespread shortages among suppliers was cited by many of the 650 respondents.
Usamah Bhatti, Economist at IHS Markit, said widespread reports of shortages of raw materials across the bloc and beyond "placed severe pressure on supply chains, as indicated by a record lengthening in supplier delivery times," contributing to the speed of input cost upturn
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.