Global manufacturers and industrial companies have ramped up purchases of raw materials and supplies due to fears of potential energy shortages and new disruptions in global supply chains amid the war with Iran. This was reported by Bloomberg, according to UNN.
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Analysts expect that May Purchasing Managers' Index (PMI) data in the world's key economies will show an increase in manufacturing activity; however, this is partly explained specifically by the accumulation of inventories due to the risk of a further spike in energy prices.
Russia cut oil production in April by hundreds of thousands of barrels due to drone attacks – Reuters22.04.26, 01:57 • 3459 views
Bloomberg notes that the situation may indicate not the resilience of economies, but rather business attempts to prepare for a possible energy shock and new supply problems similar to those observed during the COVID-19 pandemic.
Central banks monitor new inflationary pressures
Rising costs of energy and industrial goods are already intensifying global inflationary pressures, causing central banks to carefully evaluate further decisions regarding interest rates.
EU could become record-dependent on US gas due to war in Iran – analysts13.05.26, 11:46 • 3098 views
According to Bloomberg Economics, the Eurozone economy has already felt the negative impact of the conflict in the Middle East. Germany and other industrial EU countries have been hit hardest, seeing increased costs for energy and manufacturing.
At the same time, investors next week are awaiting a series of key economic data from the US, China, Europe, and Asia, as well as the publication of the US Federal Reserve minutes, which may reveal further plans for monetary policy.
Allies fear impact on Ukraine as war with Iran hits US weapon stockpiles – WP12.05.26, 09:20 • 4339 views
