September and Q3 2022 Global Manufacturing Indices Enter Contraction Trending
Supply Chain Matters
OCTOBER 4, 2022
The orders-to-inventory ratio fell to another multi-year low last month as excess capacity continued to build at factories. Ireland stood out as the only EU nation to record an expansionary PMI with a value of 51.5. Contraction comparisons to that of 2020 during the heights of the Covid-19 pandemic are meaningful. up from a 47.3
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