The Global Composite PMI at a 15-year high

The Global Composite PMI has reached a 15-year high of 58.4 and after a decade of worries about inadequate demand and spending power in the aftermath of the global financial crisis, the shortage of supply for various products has become a fact. This can be seen from the cost to ship goods from Shanghai to New York which have more than doubled. Supply bottlenecks will likely lead to continuing price increases as US consumption expenditure has come roaring back and Europe is about to follow through with a time lag of one to two quarters.

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Global composite purchasing managers Index
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