Supply Chains Continue to be Under Tremendous Pressure
Supply chains continue to be under tremendous pressure. Container ship reliability remains stuck near all-time lows across the world. Consumer spending and business investment both slowed in the third quarter in the United States. Some of the slowdown in demand is related to limited supply and higher prices. The U.S. is not alone in seeing weaker growth. China recorded disappointing third quarter results as well. Supply chain disruptions are equally in effect for Europe too.
In addition to IPC Chief Economist Shawn DuBravac's observations, you will also find U.S. and European data on economic growth, employment, consumer sentiment, manufacturers’ sentiment (PMI), manufacturing capacity utilization and end markets for electronics in this month’s economic outlook report.