article thumbnail

August 2022 Global Manufacturing Indices- Declining Momentum Accelerating

Supply Chain Matters

Barring the initial pandemic lockdown months, this is the steepest downturn in US manufacturing seen since the global financial crisis in 2009.”. Of continued concern, manufacturing powerhouses of Germany, Spain and Italy each remain at contraction level PMI values. the same value as that of July.

article thumbnail

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.” China’s expansion was noted as marginal by the end of Q1.