- 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.
For further details see:
Record Supply Delays Lead To Highest Manufacturing Price Rise Since 2008