- Increasingly widespread supply shortages contributed to a further steep rise in manufacturing prices during June, which rose at the fastest rate ever recorded by the UK PMI survey, according to preliminary 'flash' data.
- Measured across both manufacturing and services, the PMI's gauges of firms' input costs and average selling (output) prices hit the highest levels yet recorded by the surveys.
- The recent PMI survey output, price and capacity indices are all running in elevated territories that would normally see policymakers making the case for some tapering of stimulus.
For further details see:
Flash UK PMI Price Gauges Hit Record Highs In June