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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. Orders are in fact falling faster than factories are cutting output, suggesting firms will need to continue scaling back their production volumes into the near future.” The inventories index decreased 2.1

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Global Manufacturing Levels Contract Again in August 2024

Supply Chain Matters

On a positive note, the S&P Global PMI® Commodity Price and Supply Indicators August report was headlined with global supply shortages falling to their lowest levels since January of 2020, the start of the Covid-19 global pandemic. Consequently. Delivery times reportedly extended for the third consecutive month in August. in July to 51.1

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July 2022 Global Manufacturing Indices Indicating Declining Momentum

Supply Chain Matters

Also highlighted was that purchasing activity, stocks of purchases and finished goods inventories collectively rose in July. The bottom three were listed as Poland , Taiwan and Myanmar. . Williamson further indicated that while supply chain problems remain a major concern, they have eased, taking some pressures off pricing hikes.

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Global Production Levels Falling At the End of 2023

Supply Chain Matters

Manufacturing job losses were reportedly registered for the fourth consecutive month in December, with cuts noted in China , the Euro area , the U.S. The pivotal turning point in the inventory cycle is a key factor for initiating a recovery. Declines in the manufacturing sector were noted for Myanmar , Thailand , and Malaysia.

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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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Added Signs of Global Manufacturing Upturn in May

Supply Chain Matters

The May slowdown was attributed to a severe heat wave resulting in reduced working hours. These investments include supplier order commitments, inventory building and capital expenditures. Although the May reading of 57.5 percentage points from the 58.8 reported for April, this area’s production activities again led all other regions.

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Slight Decline in April Global Production and Supply Chain Activity Levels

Supply Chain Matters

Input cost and output price inflation reportedly accelerated. The April report was headlined with India’s manufacturers increasing input inventories to near record pace to prepare for increased output. Report authors noted that this global wide index has been above the 50.0 expansionary rate for three consecutive months.