July 2022 Global Manufacturing Indices Indicating Declining Momentum
Supply Chain Matters
AUGUST 3, 2022
Of added concern, manufacturing powerhouses of France, Germany, Spain and Italy each had contraction level PMI values. Commenting on the July report, Chris Williamson, Chief Business Economist at S&P Global indicated in-part: “ Eurozone manufacturing is sinking into an increasingly steep downturn, adding to the region’s recession risks.
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