Global PMI Signals Solid Factory Output Growth In October But Price Growth Accelerates Amid Shortages

What happened: The Global Manufacturing PMI survey indicated further strong worldwide factory output growth in October, with supply chain bottlenecks and capacity constraints widely reported. Key numbers: New orders slowed from September's over five-year peak but remained the third-strongest since early 2022. Why it matters: Price growth accelerated amid shortages, and the investment goods sector reported the highest incidence of supply chain delays and rising backlogs of work. Coverage: 3 outlets in 24h

The Global Manufacturing PMI survey indicated further strong worldwide factory output growth in October, with supply chain bottlenecks and capacity constraints widely reported.

Price growth accelerated amid shortages, and the investment goods sector reported the highest incidence of supply chain delays and rising backlogs of work.