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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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Doing Business in Turkey

QAD

Its borders consist of Bulgaria, Georgia, Greece, Syria, and the Aegean and Mediterranean Seas. Industry drives a substantial portion of Turkey’s economy at 32.3% Primary manufacturing industries include textiles, food, automobiles, electronics, mining, steel, petroleum, construction, lumber and paper. in industry; and 54.9%

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World Shipping Body Toughens Their Emissions Targets

Logistics Viewpoints

The International Maritime Organization (IMO) adopted tougher greenhouse gas emission targets for the global shipping industry on Friday. The IMO is a United Nations agency responsible for creating a regulatory framework for the global shipping industry. The member states have agreed to tougher standards. The new pledge is squishy.

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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.

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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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Global Manufacturing Activity Levels Continue to Stabilize in March and Q1-2023

Supply Chain Matters

Counties reaching PMI new highs were noted as Greece and Spain with Italy having expansion level activity levels in March. Some transportation services executives now open describe a freight rate recession. New export orders also fell.