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October Global PMI Reporting-Continued Production Contraction

Supply Chain Matters

Factoring PMI reporting for the month of October, the first month of the final quarter of 2023, the various published actual and leading indicator indices indeed reinforce and affirm continued contractionary conditions and a sense of eroding of business and supply chain management optimism. down from the 49.2 value reported for September.

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November Global PMI Reporting Reflects Some Stabilization

Supply Chain Matters

contractionary mark for fifteen consecutive months and reportedly the longest sequence of deterioration since the period of December 2000 to February 2002. Firms reportedly expressed renewed optimism in their 12-month outlooks for production. The November number This index has now remained below the 50.0 value reported in October.