November's preliminary PMI numbers show the developed world's economies continuing to grow at above trend rates, spurring further solid job creation. However, supply disruptions continue to run at near-record rates, showing few signs of easing since the unprecedented delays reported in October, stymieing manufacturing growth and contributing to the steepest rise in input costs recorded in the history of the surveys. Service sector growth meanwhile accelerated but is threatened by rising COVID-19 case numbers, notably in Europe, which have hit business confidence for year-ahead prospects. Developed world growth edges ... (full story)