Economy
June 1, 2021
Global Manufacturing Remains Robust Despite Rising Costs
Written by Tim Triplett
Global manufacturing remained in a strong growth phase in June, with output, new orders and employment all rising and business optimism at robust levels. However, stressed global supply chains continued to disrupt production schedules and delay input deliveries resulting in sharp price increases.
The J.P. Morgan Global Manufacturing PMI dipped slightly to 55.5 in June, down from May’s 11-year high of 56.0, but still signaled expansion for the 12th month in a row.
