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Global Production Levels Falling At the End of 2023

Supply Chain Matters

However, France , the second largest economy in the region, reportedly reported the strongest weakening of business conditions in over three-and-a-half years. The pivotal turning point in the inventory cycle is a key factor for initiating a recovery. These nations reportedly account for 98 percent of ASEAN manufacturing value added.

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October Global PMI Reporting-Continued Production Contraction

Supply Chain Matters

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 October PMI reported value fell to a three-month low of 48.8, down from the 49.2 value reported for September.

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November Global PMI Reporting Reflects Some Stabilization

Supply Chain Matters

A continued subdued product demand environment and added caution reportedly led to a decline in overall purchasing activity, lower levels of inventory and improved supplier delivery times. Austria was indicated as the worst performer, followed by Germany and France. Mixed Indications Involving U.S. value reported in October.

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Global Manufacturing PMI Levels Rise in January 2024

Supply Chain Matters

India led all other regions in overall PMI growth while Austria, Czechia and France were the bottom three contractionary conditions. Quicker declines in finished goods inventories and a softer reduction in pre-production stocks were noted. and France being 43.1. Further reductions in manufacturing employment were reported.