Supply chain problems drive up UK factory prices; house prices jump – business live

Supply chain problems drive up UK factory prices; house prices jump – business live

UK factory output growth has slowed as manufacturers scramble to obtain raw materials and parts, pushing up the prices they charge.

The severe disruptions to UK supply chains caused by Covid-19 lockdowns and the knock-on effects of Brexit weighed on production growth last month.

That’s according to the latest survey of purchasing managers by data firm IHS Markit, which found that production, delivery and distribution schedules all experienced substantial delays in August.