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July 2022 Global Manufacturing Indices Indicating Declining Momentum

Supply Chain Matters

The top three regions exhibiting PMI growth were that of India, Australia and the Netherlands. Commenting on the July report, Chris Williamson, Chief Business Economist at S&P Global indicated in-part: “ With the exception of pandemic lockdown periods, July saw US manufacturers report the toughest business conditions since 2009.

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August 2022 Global Manufacturing Indices- Declining Momentum Accelerating

Supply Chain Matters

The top three regions exhibiting PMI growth were noted as India, Australia and Thailand. Barring the initial pandemic lockdown months, this is the steepest downturn in US manufacturing seen since the global financial crisis in 2009.”. The bottom three were listed as Poland , Taiwan and Myanmar. the same value as that of July.

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Global Manufacturing Activity Continues Downward Trajectory at the Close of 2022

Supply Chain Matters

The report authors indicated that the December PMI reading is the lowest since the first half of 2009, with the implication a significant loss in momentum. Among the activity of the 29 nations that make up this index, only seven had indexes of positive values in December, which included India , Mexico, the Philippines , among four others.

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Global Manufacturing Activity Levels Continue to Stabilize in March and Q1-2023

Supply Chain Matters

A specific statement that caught our attention indicated: “ Supply chains continued to recover from the immense pressure experienced through much of the past three-and-one-half years, as average vendor lead times shortened to the greatest extent since May 2009.” The S&P Global India Manufacturing PMI® reported a value of 56.4

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November 2022 PMI Indices Point to Further Global Wide Production Contraction

Supply Chain Matters

after plummeted to its lowest level since 2009 in October. Report authors again noted that the ongoing rate of Covid infections, a consequent zero tolerance policy on the part of local government officials, and subsequent challenges related to production and transportation activities all contributed to declines in output.

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Global Production Activity Levels Unchanged In May But Provide Added Warning Signs

Supply Chain Matters

Source: S&P Global Monthly PMI Reporting Highlights of Regional Reporting Continued High expansion in India Manufacturing activity levels across India remained at high expansion levels in May, outpacing all other regions. The S&P Global India Manufacturing PMI® rose from a value of 57.2 in April to 58.7

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What Should Supply Chain Management Teams Anticipate in 2023 and Beyond- Part Two

Supply Chain Matters

The S&P Global Taiwan Manufacturing PMI® i ndex was reported as its lowest level since 2009 by the end of October 2022 while the S&P global Eurozone Manufacturing PMI® fell to a 29-month low. Global Wide Transportation and Logistics. Leasing indicators for both reflected lowering levels of business optimism. .