RAYC - Global Manufacturing Growth At Lowest For 14 Months As Supply Chains Worsen Amid Delta Variant Spread Price Pressures Hold Close To Decade Highs

• Global manufacturing remained beset by unprecedented supply issues in July, which constrained output and drove prices higher.
• The analysis of survey responses suggests that the number of companies reporting lower production due to staff or materials shortages is running at around five times the historical norm.
• The highest materials price pressures have been seen in countries with the worst supply situations and where demand is especially strong, in part due to pandemic related stimulus, namely Europe and the US.

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