Factories facing supply headaches as Omicron risks emerge | Malay Mail

LONDON, Dec 1 — Global factory activity accelerated in November although crippling supply bottlenecks remained, putting a cap on output and driving up the cost of raw materials, according to surveys published today.

“The Omicron variant...could be a game-changer: shortages of inputs and labour would worsen for manufacturers if Britain and other countries went into another lockdown,” said Samuel Tombs at Pantheon Macroeconomics. In Britain, outside the European Union and euro zone, more manufacturers than at any point in the last 30 years reported rising costs last month, underlining pressure on the Bank of England to raise interest rates.

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