QVMS - Global Manufacturing Buoyed By Rising Asian Output But Supply Shortage And Price Gauges Hold Close To Recent Highs

• Worldwide manufacturing output growth remained subdued in November as ongoing near-record supply shortages were accompanied by a slowing of demand growth.
• When analysing the survey data, it is important to bear in mind that the headline PMI is a blend of five survey gauges and to get a picture of changing production trends we need to look at the survey's output index data.
• With the survey data for November collected prior to the news of the Omicron variant, it is likely that future business expectations will fall further in December.

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