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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. As a contrast, Bloomberg recently reported that many warehouses and industrial parks in China are grappling with a surprising slowdown in business activity.
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. New export orders also fell.
After a long spell of reducing inventories in order to cut costs, factories are now increasingly rebuilding warehouse stock levels, driving up demand for inputs and pushing production higher at a pace not seen since early 2022.” Stronger performance was noted for Greece and Ireland , both reporting 24 and so month highs, respectively.
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