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Global Production Levels Falling At the End of 2023

Supply Chain Matters

However, the data indicates that spending is clearly being influenced by product promotions and discounting. Commenting on the 2023 data and the outlook for the EU manufacturing sector in 2024, Dr. Cyrus de la Rubia, Chief Economist at Hamburg Commercial Bank , indicated in-part: “ The destocking process is showing no signs of letting up.

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July 2022 Global Manufacturing Indices Indicating Declining Momentum

Supply Chain Matters

The Supply Chain Matters blog provides commentary relative to July’s global manufacturing PMI indices relative to data indicating declining momentum, and some contraction among specific global regions. The bottom three were listed as Poland , Taiwan and Myanmar. . Supply Chain Matters Insights and Perspectives on the July Data.

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Global Wide Manufacturing Output Strengthens in March 2024

Supply Chain Matters

Commenting on the March data, Timothy Fiore, Chair of ISM’s Manufacturing Business Survey Committee indicated in-part: “ Demand remains at the early stages of recovery, with clear signs of improving conditions. From our lens, the data points to India. The 2024 Manufacturing ISM® Report On Business® reported a March value of 50.3,

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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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August 2022 Global Manufacturing Indices- Declining Momentum Accelerating

Supply Chain Matters

In our summary and perspectives focused on July 2022 reporting , we opined that July data reinforced a trending toward declining global supply chain production momentum. The bottom three were listed as Poland , Taiwan and Myanmar. Supply Chain Matters Insights and Perspectives on the August Data.

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November Global PMI Reporting Reflects Some Stabilization

Supply Chain Matters

Commenting on the November data, Bennett Parrish, Global Economist at J.P. November data reportedly indicated a further substantial increase in overall levels of new orders received by Indian goods producers. The S&P Global India Manufacturing PMI® rose from an eight month low level of 55.5 reported in October to 56.0 in November.

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October Global PMI Reporting-Continued Production Contraction

Supply Chain Matters

The report’s authors indicated that data broken down by production sector reflected that deteriorating conditions were confined to intermediate and investment goods industries. Commenting on the October data, Bennett Parrish, Global Economist at J.P. This index has now remained below the 50.0 it’s lowest level for three months.