Iran conflict drives global factory costs and supply strain
Manufacturing surveys for May show European factory growth slowed as raw material costs rose at the fastest rate in four years due to the Iran war. While U.S. and Asian output expanded as firms stockpiled goods, supply chain disruptions and energy price hikes continue to pressure global industrial sectors.
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Global manufacturing activity diverged in May as the conflict involving Iran pushed European input costs to a four-year high. While Eurozone growth slowed to 51.6, factories in the United States and Asia expanded through aggressive stockpiling.
