Global Wide Production PMI Levels Unchanged in February 2024
Supply Chain Matters
MARCH 5, 2024
India again led all other regions, while Germany and Austria remain at highest levels of PMI contractionary levels. We view such an indicator as clear evidence that sourcing for lowest cost manufacturing is again apparent among multi-industry supply networks. Contrasting Reporting for U.S. compared to 49.1 reported for January.
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