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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. From our lens, the data points to India.

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Eurozone Economy Now in Technical Recession

Supply Chain Matters

After revising both previously reported Q4-2022 and Q1-2024 GDP data, the European statistics agency Eurostat reported today that the combined 20-nation GDP for euro sector fell at annualized rate 0.4 According to reporting by The Wall Street Journal , sizable changes to data from Germany, Ireland and Finland prompted the revision.

Ireland 52
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Artificial Intelligence – sifting through the hype and the promise for forecasting

Kinaxis

Famed forecasting expert and organizer of the Makridakis Competitions (known as the M-competitions) Spyros Makridakis spoke to us remotely from his post at the University of Nicosia in Greece. These models require a LOT of data. Some common challenges about the promise of AI/ML emerged throughout the day.

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Global PMI Levels in August Remain Sluggish

Supply Chain Matters

From our lens, the August data further reflects ongoing shifts in production sourcing within specific industry sectors. The top producing nations by notion of highest PMI levels were noted as India, Indonesia, Myanmar, Greece and Russia. Commenting on the August data, Timothy R. The reported August value was 43.5,

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Cryptocurrency Benefits You Should Know!

Supply Chain Game Changer

Greece, a nation with a 45 percent tax rate, grabs over 900 trust funds per day. Decentralization: Digital currency proprietors have used a wallet to obtain their exchange rate and end up receiving or transfer payments from the wallet address that uses encryption data for access. Scarcity: Bitcoin has a set availability.

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November 2022 PMI Indices Point to Further Global Wide Production Contraction

Supply Chain Matters

As reported for prior monthly data, contraction was concentrated in the consumer, intermediate and investment goods sectors. Commenting on the October data, Bennett Parrish, Global Economist at J.P. The November report reflected a 29-month low value of 48.8, slipping 0.6 percentage points from the 49.4 reported for October.

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Global Production Activity Levels Unchanged In May But Provide Added Warning Signs

Supply Chain Matters

While global supply chain wide pressures have eased considerably, the data points to a number of warning signs that would suggest added contraction in the months to come. Factory orders reportedly increased to the greatest extent since January of 2021, while May data reportedly indicated a sharp and accelerated rate of material purchases.