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IPFS News Link • Manufacturing-U.S.A

US Manufacturing Survey Hits Record High Amid Soaring Inflation, Supply-Chain Disruptions

• Zero Hedge

Amid declining 'hard' economic data, 'soft' survey data on US manufacturing surged to a record high in January, according to Markit. But, according to ISM, Manufacturing in the US slowed in January too?

Markit Manufacturing 59.2, up from 59.1, and above 59.1 expectations to a record high.

ISM Manufacturing 58.7, down from 60.5, and below 60.0 expectations.

So take your pick!?

Source: Bloomberg

However, the surge in Markit's PMI was driven by intensifying cost pressures amid raw material shortages (with near-record supply chain disruption).