According to Markit's monthly PMI, raw material, staff and skill shortages were all major factors stymieing output growth and contributing to a further marked increase in input purchasing.
The dollar lurched lower on Monday, back towards the one-month lows hit last week when it became clear the Fed was in no hurry to tighten policy and policymakers broadly shared Chairman Jerome Powell's view that rate rises were "a ways away". U.S. Treasury bond yields fell after the meeting, and real yields -- adjusted for inflation -- hit record lows. The Fed's dovish post-meeting statement was echoed by Fed Governor Lael Brainard who said on Friday "employment has some distance to go".
UK aerospace and defence company Meggitt is to be taken over by US rival Parker Hannifin in a £6.3bn deal.