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Industry - Monthly Industry Briefings - Engineering and metal goods

Publisher Oxford Economics
Published Apr 05, 2022
Length 2 Pages
SKU # OFE17072483

Description

Industry - Monthly Industry Briefings - Engineering and metal goods

US manufacturers are facing historical price rises in Q1 2022, with growth averaging 10% in January and February, significantly higher than the average for 2010-20 which was only 1.5%. This will undoubtedly cause a strain on profitability going forward unless these rises can be completely absorbed by the consumer. As a result, this is likely to have a negative impact on near-term non-essential capex purchases and possible weaken the already moderating machinery and equipment sector.

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2 Pages
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