Thursday, 01 April, 2021
INFLATION WATCH: US PMI comment:
INFLATION WATCH: US PMI comment: “input prices rose markedly. The rate of cost inflation was the steepest since March 2011, with firms stating that supply shortages and transportation delays often drove prices up and led to additional fees. Firms were, however, able to pass on part of the hike in costs to clients, as selling price inflation accelerated to a fresh series peak. The rate of increase quickened for the fifth successive month.”
… and brought forward demand?
“manufacturers stepped up their efforts to stockpile inputs to avoid further delays and safeguard future production”
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