Global Factory Activity Holds Up Despite Cost Pressures
Global manufacturing activity remained resilient in October despite mounting pressure from energy costs and supply chain disruptions. Surveys show input prices rising rapidly across Europe and Asia, keeping pressure on central banks to raise interest rates.
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Global manufacturing activity held steady in October as the S&P GLOBAL INC PMI registered 52.7, despite escalating energy costs and supply-chain pressures. This reading remained just below September's 52.9 level, which marked the highest point since May 2022. The resilience comes as manufacturing hubs face mounting input costs driven by prolonged conflict in the Middle East.
