Eco Week Ahead

Global Inventory Race Intensifies in Shadow of the Iran War

A fertilizer mixture is deposited into a farm truck at a warehouse at the Port of Rosedale in Rosedale, Mississippi.

Photographer: Rory Doyle/Bloomberg

The global rush to stockpile manufactured goods on fears of an energy-supply crunch will again overshadow business surveys in the coming week gauging the impact of a third month of war in the Middle East.

Among the purchasing manager indexes for May measuring industrial activity in key economies, all of those for which Bloomberg polls analysts are projected to show continued expansion, in many cases bolstered by front-loaded stockbuilding.