Latest data released by Procure - 1 November 2021
- Prior 68.1
The headline reading may still be elevated but it is flattered by longer delivery times as supply bottlenecks are the key standout in the report. Credit Suisse notes that:
"Procurement problems are likely to be among the factors contributing to a slowdown in output. Suppliers' delivery times are still rising, albeit somewhat less broadly than in previous months. Moreover, purchase prices are widely increasing, with 82% of respondents facing higher costs for input materials."
