October Global PMI Reporting-Continued Production Contraction
Supply Chain Matters
NOVEMBER 6, 2023
With output contracting for the fifth consecutive month and business optimism reportedly dipping to an 11-month low, the report pointed to cutbacks occurring in manufacturing employment, purchasing and inventory levels globally. The output index from the PMI survey dipped 0.9 down from the 49.2 value reported for September. in October.
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