Supply chain issues
Posted on 04 Feb 2015
Staff shortages and supply chain issues slow UK recoveryLabour and supply shortages held back Britain’s economic recovery in August, according to the latest IHS Markit/CIPS Flash UK Composite PMI, which gave a reading of 55.3 for the month - the lowest since February and down from July’s 59.2. IHS Markit said the number of companies reporting that shortages of staff and materials were hurting growth was a record 14 times the normal level. Chris Williamson, chief business economist at IHS Markit, added: “Rising virus case numbers are deterring many forms of spending, notably by consumers, and have hit growth via worsening staff and supply shortages."
