IHS Markit: Material Shortages Hamper Manufacturing Growth

The U.S. manufacturing sector continued to expand in October, though output growth was hampered by ongoing material shortages, according to the latest U.S. Manufacturing PMI data from IHS Markit.

The report noted that overall output growth eased yet again, slowing to its weakest reading since July 2020 amid capacity constraints including material shortages. A lack of input availability and transportation delays led to a severe deterioration in vendor performance, with input costs rising markedly.

Manufacturing

David Schollaert

David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

David Schollaert

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