Shortages of workers and raw materials triggered by supply chain constraints is threatening to stall the UK’s economic rebound from the Covid pandemic, show new figures published today.
The reading dropped markedly over the last month, down from 62.2 in June. A reading above 50 indicates business activity expanded.
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Output was constricted by shortages of raw materials and workers,
Firms are struggling to restore output to pre-pandemic levels amid soaring demand triggered by economies emerging from Covid restrictions, leaving businesses struggling to secure key inputs used in production processes.
Worker shortages are being fuelled by a combination of the so-callled “pingdemic” and greater reluctance to return to jobs from furlough.
High levels of staff are being forced to self-isolate after being pinged by the
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The flash
was 60.4 in July, both four-month lows.
A resurgence in virus cases knocked consumer confidence, causing demand to fall,
The post Worker shortages bite as
© City AM, source