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Updated · Bloomberg · May 23S&P Global Says Factory Activity Slows Across Most Economies in Month 3 of Energy Crunch
2 articles · Updated · Bloomberg · May 23
- Factory activity slowed or contracted across nearly all S&P Global indexes released Thursday, with the UK and US the main exceptions.
- A third month of war-driven energy disruption kept inflation pressure elevated, adding to signs that the global economy is losing momentum.
- The survey pattern points to manufacturing taking the brunt of higher input costs as the energy shock spreads through major economies.
Will the global economy recover quickly, or has the energy crisis caused lasting inflationary damage? How sustainable is the US manufacturing boom amid rising costs and falling clean energy investment? After the Hormuz crisis, how will global supply chains permanently change to avoid future chokepoints?