Purchasing Managers Indicate Inability to Meet Rising Demand

The ISM purchasing managers indexes for April told similar stories of widespread supply shortages, increasing price pressure and challenges in attracting and retaining workers. Both the factory and service sector headline indexes declined from record levels last month, but the underlying reasons for the decrease weren’t the result of waning demand. In fact, surging demand is far outpacing the ability to provide goods and services.

Download the full article

Read more Economic Commentary