October Global PMI Reporting-Continued Production Contraction
Supply Chain Matters
NOVEMBER 6, 2023
With output contracting for the fifth consecutive month and business optimism reportedly dipping to an 11-month low, the report pointed to cutbacks occurring in manufacturing employment, purchasing and inventory levels globally. The October PMI reported value fell to a three-month low of 48.8, down from the 49.2 value reported for September.
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