FOR IMMEDIATE RELEASE
MONTREAL, QC, June 29, 2021 (Press Release) – Numera today released the latest update of its Global Manufacturing Tracker, which reveals manufacturing output continued to expand into the second quarter.
Global manufacturing activity grew 3.5% annualized in H1, well above its long-term trend but not enough to satisfy booming demand for both consumer and investment goods. Capacity constraints have caused a run-up in global producer prices, up 14% annualized in April. Rising mobility should cause expenditure patterns to normalize over the next 12M, thereby reducing pressure on global supply chains