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Global PMI Levels in July Remain of Concern

Supply Chain Matters

The two special regions of concern are the Eurozone and Taiwan. Further indicated were signs of weakness occurring in China , Japan , Malaysia, South Korea , Taiwan and Vietnam. Considerable weakness was noted for both Germany (a 38 month low) and Austria (a 39 month low) in July, both reporting the lowest PMI values in this sector.

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September and Q3 Global PMI Levels Remain in Contraction

Supply Chain Matters

The three specific regions of concern remain the Eurozone, United Kingdom, along with Taiwan. Reportedly, with the exception of Greece , all other EU countries registered PMI declines, with Germany and Austria having the fastest rates of production declines. average of the three months of Q3, declined 1.5 reported for July.

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Global Manufacturing Activity Levels Continue to Stabilize in March and Q1-2023

Supply Chain Matters

The PMI values reflective of Germany and Austria both reached 34-month lows in March while both led in the expansion of post-production inventories. Taiwan Taiwan’s activity as reflected in the S&P Global Taiwan Manufacturing PMI® March report indicated a milder deterioration in production operating conditions.

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Global Manufacturing Activity Levels Stabilize in February

Supply Chain Matters

Countries experiencing sequential monthly lows were noted as France, Austria and Germany , the latter recording a 46.3 Taiwan Taiwan’s activity as reflected in the S&P Global Taiwan Manufacturing PMI® showed its best performance since June 2022, rising 4.7 United States Two indices of U.S. increasing 3.2