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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. Business sentiment has reportedly remained close to a nine-month high with noted added optimism in the intermediate and investment goods industry sectors.

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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. The three specific regions of concern are the Eurozone, United Kingdom along with Taiwan.

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Eurozone Economy Now in Technical Recession

Supply Chain Matters

Besides Germany , Greece , Lithuania , Malta , Ireland and the Netherlands experienced quarter on quarter GDP declines. Industry supply chain management and integrated business planning teams need to be diligent in their planning of resources and global capacity. pharmaceutical companies cutting back on production.

Ireland 52
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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. The now reported September and Q3 PMI data continues to reinforce a period of muted product demand levels among multiple industry sectors.

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November Global PMI Reporting Reflects Some Stabilization

Supply Chain Matters

The report’s authors indicated that the downturn in global production was primarily centered on the intermediate goods sector which remains not a positive sign for future multi-industry supply network momentum in the weeks to come. Commenting on the November data, Bennett Parrish, Global Economist at J.P.

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Global Manufacturing Activity Levels Stabilize in February

Supply Chain Matters

Counties reaching new highs were noted as Italy, noted as reaching a ten month high, Greece, Ireland and Spain. percentage points from the previous month, and noted as an indication that the market demand of the manufacturing industry continued to increase. PMI value in February, the eighth consecutive month of contraction reporting.

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November 2022 PMI Indices Point to Further Global Wide Production Contraction

Supply Chain Matters

There are additional signs of a global glut in overall inventory levels, yet selective component shortages remain for certain industries. At the country level, Italy , Greece and France bounced back to 4-month, 2 month, and 3-month highs but remained in production contraction levels. Global Wide Production Activity.