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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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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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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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Upturn in Global Manufacturing in June- Cautionary Signs Prevail

Supply Chain Matters

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. Greece experienced the highest PMI growth in the Euro sector followed by Spain and the Netherlands. This country’s PMI value slipped to 43.5 in June from 45.4

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Global Manufacturing Levels Continue Contracting in July 2024

Supply Chain Matters

manufacturing and procurement activity levels, namely the ISM Report on Business Manufacturing PMI , and the S&P Global U.S. Further, the two prior strongest manufacturing output performers thus far in 2024, Greece and Spain , reportedly lost momentum in July.

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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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How Learning a New Language Can Benefit Your Career in Supply Chain Management

SCMDOJO

When you have a plethora of different information coming from foreign sources, keeping things clear is essential! When you talk to fellow SCM specialists in Greece or try to secure a safe logistics chain somewhere in the Middle East, you have to understand the culture. – Estimation of Socio-cultural Aspects.