SIJ - Record Supply Delays Lead To Highest Manufacturing Price Rise Since 2008

• US manufacturers reported the biggest boom in at least 14 years during April, but supply constraints at a time of surging demand are causing prices to also rise at the steepest rate for over a decade, notably for consumer goods.
• Demand surged according to the latest national survey of purchasing managers, pushing new orders higher at a pace not seen for 11 years amid growing recovery hopes and fresh stimulus measures.
• Production also grew strongly, but the rate of output growth remained well below that recorded for new orders.

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