U.S. manufacturers have all they business they can handle, but major shortages are a big headache

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

U.S. manufacturing expands less than forecast in June

The numbers: American businesses are still struggling to cope with broad shortages of key supplies and skilled labor even as customer demand for their goods climbs above pre-pandemic levels.

Prices for many materials have risen sharply, products aren’t getting delivered on time, and in some cases companies simply lack enough labor to make as much as they can sell, the survey indicated. Key details: A measure of new orders slowed a bit in June but remained near a 17-year high. Orders reflect now much new business a company is receiving.

Read: U.S. unemployment claims sink to pandemic low of 364,000 as extra benefits start to get phased out The employment index fell below the 50% cutoff mark for the first time since last November even though companies want to hire.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines