Economics
Record Lead Times Show More U.S. Inflation in Supply-Chain Mess
This article is for subscribers only.
The supply squeeze on the U.S. economy tightened further in February, indicating scant relief for domestic producers and pointing to persistent inflationary pressures.
The Institute for Supply Management’s latest survey of purchasing managers showed the average lead times for production materials, capital equipment and supplies all reached the highest records back to 1987, according to a report Tuesday.