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

Supply Chain Matters

However, we discern some added signs excess inventories and of production sourcing shifts. Source: S&P Global, April, 2023 Highlights of Regional Reporting Developed Regions Eurozone The S&P Global Eurozone Manufacturing PMIĀ® fell again in March to a value of 47.3 compared to the February value of 48.5,

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Global Production Activity Levels Unchanged In May But Provide Added Warning Signs

Supply Chain Matters

That could signal even more added inventory exposures. Source: S&P Global Monthly PMI Reporting Highlights of Regional Reporting Continued High expansion in India Manufacturing activity levels across India remained at high expansion levels in May, outpacing all other regions. and noted as the lowest value in three years.

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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. Report authors however, qualified that the domestic market demand was the prime source of activity growth. Manufacturing output volumes reportedly stabilized, after an eight month run of contraction.

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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. The decline in output was accompanied by a tick down in new orders as rising inventories have put the brakes on production.ā€. Global Wide Production Activity.

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September and Q3 Global PMI Levels Remain in Contraction

Supply Chain Matters

Reportedly, destocking activities increased with finished product and raw materials inventories decreasing by the end of the quarter. Reportedly, with the exception of Greece , all other EU countries registered PMI declines, with Germany and Austria having the fastest rates of production declines. was relatively unchanged from the 49.0

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Global Wide Production PMI Levels Unchanged in February 2024

Supply Chain Matters

Morgan indicated in part: ā€œ An improving orders-to-inventory ratio and upward momentum in both new export business and employment all suggest the underlying dynamics of the manufacturing sector are also moving in the right direction. Stronger performance was noted for Greece and Ireland , both reporting 24 and so month highs, respectively.

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Global Manufacturing PMI Levels Rise in January 2024

Supply Chain Matters

Further reported was that supplier delivery performance levels deteriorated for the first time attributed to trucking and transportation delays. Quicker declines in finished goods inventories and a softer reduction in pre-production stocks were noted. up 2 percentage points from the 47.1 level reported for December. percentage points.