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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

From our lens, the August data further reflects ongoing shifts in production sourcing within specific industry sectors. The top producing nations by notion of highest PMI levels were noted as India, Indonesia, Myanmar, Greece and Russia. The three specific regions of concern are the Eurozone, United Kingdom along with Taiwan.

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Not up to Promethean Standards: Greece’s Pharmaceutical Supply Chain is Worryingly Weak

Elementum

source: It Makes Sense Blog. Sales in Greece are down 20 - 25%, according to the Economist, which could lead to further unemployment if the low numbers persist. Whether or not Greece stays in the Euro, its supply chain problems will continue to plague Greek citizens and countries that rely on Greek products. A Sisyphean Task.

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Eurozone Economy Now in Technical Recession

Supply Chain Matters

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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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 PMI® 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

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. Reportedly Greece was the only member state to register an improvement in operating conditions.

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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.