Supply bottlenecks easing

Monday, 6 December 2021

In the US, there are mounting signs that the supply side squeeze is coming to an end. Goods inflation is still unsustainably elevated versus services:

Despite the extreme demand, manufacturing output is swiftly catching up:

Backlog has slumped:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.