Global PMI Levels in July Remain of Concern
Supply Chain Matters
AUGUST 3, 2023
Morgan indicated in part: “ Near-term forward looking indicators also headed lower, most notably the finished goods orders-to-inventory ratio which fell further below 1,0 from an already contractionary reading.” In the dependent region of the United Kingdom , the S&P Global/CIPS UK Manufacturing PMI® deepened to a seven month low of 45.3
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