Economics
Global Manufacturers Strain to Keep Up With Faster Economy
- Firms in U.S., China, Germany, U.K. warn of supply constraints
- World economy predicted to be strongest since 2011 this year
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Factories across the globe warned they are finding it increasingly hard to keep up with demand, potentially forcing them to raise prices as the world economy looks set to enjoy its strongest year since 2011.
A slew of Purchasing Managers Indexes published on Tuesday from countries including China, Germany, France, Canada and the U.K. all pointed to deeper supply constraints. The U.S. reading from IHS Markit rose for the third month in the past four, reaching the highest since March 2015 amid “increased capacity pressures.”