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Besides Germany , Greece , Lithuania , Malta , Ireland and the Netherlands experienced quarter on quarter GDP declines. Inventory will be a key concern as CFO ’s continue to monitor working capital efficiencies, erosion of margins or expected declines in economic growth. pharmaceutical companies cutting back on production.
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. The inventories index decreased 2.1 The reported August value was 43.5,
manufacturing and procurement activity levels, namely the ISM Report on Business Manufacturing PMI , and the S&P Global U.S. Business confidence reportedly weakened for the fourth month running along with further declines in purchasing activities and inventories. as contributing to a slowdown.
However, we discern some added signs excess inventories and of production sourcing shifts. Further concerning was that the volume of warehouse finished goods inventories rose to the greatest extent in four months. Counties reaching PMI new highs were noted as Greece and Spain with Italy having expansion level activity levels in March.
There are additional signs of a global glut in overall inventory levels, yet selective component shortages remain for certain industries. The decline in output was accompanied by a tick down in new orders as rising inventories have put the brakes on production.”. Global Wide Production Activity.
A continued subdued product demand environment and added caution reportedly led to a decline in overall purchasing activity, lower levels of inventory and improved supplier delivery times. Italy’s manufacturing sector reportedly intensified while Greece and Ireland logged manufacturing growth in November.
Various industry supply chain and procurement management teams are obviously going to have to differentiate as to two different narratives presented in these separate reports. That stated, inventory pressures coupled with higher demand have reportedly led to lengthening lead times for the country’s manufacturers. in June from 45.4
Counties reaching new highs were noted as Italy, noted as reaching a ten month high, Greece, Ireland and Spain. Likewise, consumer goods related industry segments would want to believe that inventory over hangs are being resolved and that inventory replenishment buying cycles are soon in the cards.
That could signal even more added inventory exposures. Reportedly Greece was the only member state to register an improvement in operating conditions. The report indicated that the May number “ signalled a further decline in the health of the eurozone manufacturing sector, and one that was the steepest in three years.”
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. ( 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. (
Morgan indicated in part: “ An improving orders-to-inventory ratio and upward momentum in both new export business and employment all suggest the underlying dynamics of the manufacturing sector are also moving in the right direction. Stronger performance was noted for Greece and Ireland , both reporting 24 and so month highs, respectively.
Reportedly, destocking activities increased with finished product and raw materials inventories decreasing by the end of the quarter. Reportedly, with the exception of Greece , all other EU countries registered PMI declines, with Germany and Austria having the fastest rates of production declines. was relatively unchanged from the 49.0
At the country level, Spain was reported as having the strongest manufacturing economy in September followed by Greece. manufacturing and procurement activity levels, namely the ISM Report on Business Manufacturing PMI , and the S&P Global U.S. The latest report pointed to broad based retrenchment among eurozone f actories.
Quicker declines in finished goods inventories and a softer reduction in pre-production stocks were noted. The only country with positive PMI growth was Greece , while Germany, France and Austria PMI levels were the lowest, Austria being 43.0 Further reductions in manufacturing employment were reported. and France being 43.1.
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