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Global Wide Manufacturing Output Strengthens in March 2024

Supply Chain Matters

The Eurozone remains a drag on global manufacturing output with reportedly steep downturns again occurring in Germany and Austria. Commenting on the March data, Timothy Fiore, Chair of ISM’s Manufacturing Business Survey Committee indicated in-part: “ Demand remains at the early stages of recovery, with clear signs of improving conditions.

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Global PMI Levels in July Remain of Concern

Supply Chain Matters

The data reinforces the warning signs of June and Q2, suggesting added contraction levels. Report authors noted that sector data of new orders indicated that contraction occurred across consumer, intermediate and investment goods industries. Commenting on the July data, Timothy R.

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November Global PMI Reporting Reflects Some Stabilization

Supply Chain Matters

Commenting on the November data, Bennett Parrish, Global Economist at J.P. November data reportedly indicated a further substantial increase in overall levels of new orders received by Indian goods producers. Austria was indicated as the worst performer, followed by Germany and France. reported in October to 56.0 in November.

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Global Wide Production PMI Levels Unchanged in February 2024

Supply Chain Matters

However, the published index indicated expansion level was rather mild, and was missing PMI data from South Korea which experienced a slight PMI contraction. India again led all other regions, while Germany and Austria remain at highest levels of PMI contractionary levels. in February compared to 50.3 in January, and 49.7

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Global Manufacturing PMI Levels Rise in January 2024

Supply Chain Matters

India led all other regions in overall PMI growth while Austria, Czechia and France were the bottom three contractionary conditions. The only country with positive PMI growth was Greece , while Germany, France and Austria PMI levels were the lowest, Austria being 43.0 and France being 43.1. in January from 49.7