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Global Wide Manufacturing Output Strengthens in March 2024

Supply Chain Matters

India has again demonstrated the highest level of PMI growth and the report authors point to Greece, Indonesia, Russia and Brazil as demonstrating stronger rates of expansion. Observed was that manufacturing conditions across Greece have improved to the sharpest extent in two years. along with Vietnam, Thailand and Indonesia.

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Eurozone Economy Now in Technical Recession

Supply Chain Matters

Besides Germany , Greece , Lithuania , Malta , Ireland and the Netherlands experienced quarter on quarter GDP declines. Industry supply chain management and integrated business planning teams need to be diligent in their planning of resources and global capacity. pharmaceutical companies cutting back on production.

Ireland 52
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Global PMI Levels in August Remain Sluggish

Supply Chain Matters

The top producing nations by notion of highest PMI levels were noted as India, Indonesia, Myanmar, Greece and Russia. The August data indicated that Greece and Ireland were the only two countries to record production improvements during August. Suppliers continue to have capacity. The reported August value was 43.5,

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September and Q3 Global PMI Levels Remain in Contraction

Supply Chain Matters

Reportedly, with the exception of Greece , all other EU countries registered PMI declines, with Germany and Austria having the fastest rates of production declines. Firms reportedly attributed the upturn in production to companies increasing workforce and capacity. Suppliers continue to have capacity. The September value of 49.8

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November Global PMI Reporting Reflects Some Stabilization

Supply Chain Matters

Italy’s manufacturing sector reportedly intensified while Greece and Ireland logged manufacturing growth in November. Suppliers continue to have capacity. Austria was indicated as the worst performer, followed by Germany and France. Companies are still managing outputs appropriately as order softness continues.

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November 2022 PMI Indices Point to Further Global Wide Production Contraction

Supply Chain Matters

At the country level, Italy , Greece and France bounced back to 4-month, 2 month, and 3-month highs but remained in production contraction levels. Noted in the November report was that the rates of decline in output and new orders were: “.less less aggressive when compared to the near two-and-one-half year records seen in October.”

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

Supply Chain Matters

Counties reaching PMI new highs were noted as Greece and Spain with Italy having expansion level activity levels in March. The March reported further pointed to improved supplier capacities and stock availabilities in March. New export orders also fell. Business confidence was noted as an upbeat outlook toward the remainder of 2023.