Global Production Activity Levels Remain in Contraction at the End of 2024
Supply Chain Matters
JANUARY 7, 2025
At the end of 2024, global production and procurement activity levels are equivalent to the beginning of 2019, the year prior to the Covid-19 global pandemic. ( manufacturing and procurement activity levels, namely the ISM Report on Business Manufacturing PMI , and the S&P Global U.S. and thus 2024 provided a 0.8
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