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Factory Growth Hits 11-Year High, But Record Supply Delays Push Price Gauge To New Peak

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  • Global manufacturing output growth hits 11-year high, but record supply delays lead to production constraints.
  • Backlogs of work rise at steepest rate for 17 years.
  • Input costs rise at fastest rate for decade, lead to record factory gate price increase.

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The rebound in demand from COVID-19 lockdowns propelled global manufacturing output growth to its fastest for 11 years at the start of the second quarter. But supply delays hit a record high, limiting production in

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IHS Markit (Nasdaq: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 key business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.

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