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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.
Of particular note was commentary relative to supplier delivery times in June: “ Suppliers’ delivery times lengthened for the first time in five months amid issues with shipping, port congestion and staff shortages at vendors. Greece experienced the highest PMI growth in the Euro sector followed by Spain and the Netherlands.
Suppliers’ delivery times reportedly lengthened for the second consecutive month mainly as a result of ongoing global shipping disruptions. manufacturing and procurement activity levels, namely the ISM Report on Business Manufacturing PMI , and the S&P Global U.S.
Italy’s manufacturing sector reportedly intensified while Greece and Ireland logged manufacturing growth in November. Growth was reportedly fueled from demands in medicine, high tech, auto, railway, shipping and aerospace equipment markets. Austria was indicated as the worst performer, followed by Germany and France.
Stronger performance was noted for Greece and Ireland , both reporting 24 and so month highs, respectively. Production and shipping increases have traditionally been reflective of inventory stocking needs for Spring and Summer product demand customer fulfillment.
The only country with positive PMI growth was Greece , while Germany, France and Austria PMI levels were the lowest, Austria being 43.0 The other is the related increased terrorist attacks on global wide shipping occurring in the Red Sea region that is ongoing. Further reductions in manufacturing employment were reported.
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