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July 2022 Global Manufacturing Indices Indicating Declining Momentum

Supply Chain Matters

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. Germany and Italy values were noted as being 25-month lows.

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'Brexit Is Scaring Businesses to Death': Two Experts Debate the Data

Supply Chain Brain

David Blanchflower , professor of economics at Dartmouth College and member of the Bank of England’s monetary policy committee from June 2006 to May 2009: The fallout from the disastrous Brexit vote and the even more calamitous negotiations are scaring businesses to death, and continuing apace. Airbus closing plants in the U.K.

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This Week in Logistics News (April 22 – 28)

Logistics Viewpoints

Unseasonably cold weather in Spain slowed down the growing of peppers, leading to Morrisons limiting purchases to two per customer. British supermarkets source peppers exclusively from Spain during the winter months. The company plans to do so, in part, by electrifying 35 percent of its U.S.

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November 2022 PMI Indices Point to Further Global Wide Production Contraction

Supply Chain Matters

The reported PMI of Spain reached a two-month high of 45.7. after plummeted to its lowest level since 2009 in October. Manufacturing output numbers reportedly fell for a sixth straight month. The S&P Global Taiwan Manufacturing PMI® for November reportedly rose fractionally to a value of 41.6, Select Highlights- Developing Regions.

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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.

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

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October 2022 PMI Reporting Points to Global Wide Manufacturing Contraction

Supply Chain Matters

At the country level, Spain, Germany and Italy reported 29-month lows in PMI activity. The October S&P Global Taiwan Manufacturing PMI® plummeted to its lowest level since 2009. Noted in the October report was that the sub-indexes of output and new orders fell at rates, “ rarely surpassed across 25 years of PMI data collection.”