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flag Eurozone manufacturing expanded due to Middle East supply chain issues, causing job cuts and soaring costs.

flag Manufacturing activity in the Eurozone expanded at its fastest pace in nearly four years, driven by supply chain disruptions from the Middle East conflict. flag While production rose and backlogs increased, companies also cut jobs and faced soaring input costs. flag In the UK, manufacturers faced the steepest price hikes since 1992 due to the same supply chain issues, leading to a rare output contraction and a spike in job cuts.

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