UK Factories Hit by Worst Supply Chain Stress Since 2022
Source: bloomberg.com
- UK factories are experiencing their highest supply chain stress since 2022, according to a key manufacturing survey.
- The stress index hit 59.8 in March, up from 55.7, signaling severe disruptions.
- This adds pressure on output and costs, worsening the sector's challenges.
UK manufacturers are facing the worst supply chain disruptions since 2022, as revealed by S&P Global's Purchasing Managers' Index (PMI). The survey shows suppliers delaying deliveries at the fastest rate in nearly two years due to global issues like Red Sea shipping problems. This matters because it threatens factory output, raises costs, and signals broader economic strain for businesses and policymakers.