article thumbnail

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.

article thumbnail

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,

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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
article thumbnail

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.

article thumbnail

Global Manufacturing Activity Levels Stabilize in February

Supply Chain Matters

However, commenting on the February data, Bennett Parrish, Global Economist at JP Morgan indicated in-part: “ While the disruptions of the past year continue to fade, the output price PMI has been stuck at an elevated level this year and somewhat raises the risk of goods inflation becoming entrenched.”

article thumbnail

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. Commenting on the September data, Timothy R. companies according to new survey data from the U.S.-China average of the three months of Q3, declined 1.5

article thumbnail

November Global PMI Reporting Reflects Some Stabilization

Supply Chain Matters

Commenting on the November data, Bennett Parrish, Global Economist at J.P. Source: JP Morgan and S&P Global, December 2023 Key Highlights in Regional PMI Reporting India’s Manufacturing Sector Accelerates Overall manufacturing activity across India accelerated in November after a deceleration in October. in November.