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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. Observed was that manufacturing conditions across Greece have improved to the sharpest extent in two years. along with Vietnam, Thailand and Indonesia.

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Global PMI Levels in August Remain Sluggish

Supply Chain Matters

The top producing nations by notion of highest PMI levels were noted as India, Indonesia, Myanmar, Greece and Russia. The August data indicated that Greece and Ireland were the only two countries to record production improvements during August. Reportedly business optimism has dipped to its lowest levels during the past nine months.

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Eurozone Economy Now in Technical Recession

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Besides Germany , Greece , Lithuania , Malta , Ireland and the Netherlands experienced quarter on quarter GDP declines. Reuters indicated in its reporting this week that the Eurostat revision of Q1 data was principally due to the revised estimate from Germany’s statistics office indicating two subsequent quarters of GDP contraction.

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. average of the three months of Q3, declined 1.5 percentage points from the average of Q2, and a significant 4.8 percentage point drop from the average of Q1.

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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. Manufacturing output volumes reportedly stabilized, after an eight month run of contraction. Countries experiencing sequential monthly lows were noted as France, Austria and Germany , the latter recording a 46.3

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November Global PMI Reporting Reflects Some Stabilization

Supply Chain Matters

Italy’s manufacturing sector reportedly intensified while Greece and Ireland logged manufacturing growth in November. Austria was indicated as the worst performer, followed by Germany and France. As readers are likely aware, the latter two countries have traditionally served as manufacturing powerhouses.

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November 2022 PMI Indices Point to Further Global Wide Production Contraction

Supply Chain Matters

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. Noted in the November report was that the rates of decline in output and new orders were: “.less less aggressive when compared to the near two-and-one-half year records seen in October.”