ORANGE, Calif.—Chapman University’s latest survey of manufacturing purchasing managers in the state, released July 9, showed growth in the current Third Quarter is headed downward. The growth is the slowest since the Third Quarter of 2020 at the height of the COVID-19 pandemic.
“The purchasing managers reported railroad delays, higher freight costs, higher raw materials prices, continued supply chain disruptions and workforce shortages,” Raymond Sfeir said in a statement; he’s the director of Chapman’s A. Gary Anderson Center for Economic Research, which conducted the survey. “Some firms are getting more cautious due to the possibility of a recession at the end of the year.”…