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Sentiment improved regarding manufacturing leadtimes, although they remain at elevated levels. Logistics stabilized and costs are matching 2019. The Prices Index remained in ‘decreasing’ territory but increased a respectable 5.8 percentage points, signifying near price stability.
New Orders and Employment Contracting; Production and Backlogs Growing; Supplier Deliveries Slowing at a Slower Rate; Raw Materials Inventories Growing; Customers’ Inventories Too Low; Prices Increasing at a Slower Rate; Exports and Imports Growing; Record-Long LeadTimes for Production Materials and MRO Supplies.
Manufacturing leadtimes sentiment improved again but remain at elevated levels. Logistics costs have settled, transit times continue to shorten and capacities at most suppliers are sufficient.” percent in May 2020 ). While customer growth is projected, we cannot point to fundamentals that sustain it.
Manufacturing leadtimes clearly improved in the month. Supply chains are prepared and eager for growth, as panelists’ comments and the data support reduced leadtimes for their companies’ more important purchases. Supply shortages are limited to select items only.
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