Turkish manufacturing shrank for the first time in ten months in March as production and new orders slowed as companies reduced purchasing power in Ukraine’s precarious war environment, according to a survey. The manufacturing PMI fell to 49.4 from 50.4, according to the committee from the Istanbul Chamber of Industry and S&P Global, falling behind […]
Tag: processing
Eurozone: Manufacturing PMI at a 14-month low in March
The eurozone manufacturing sector slowed further at the end of the first quarter, amid rising inflation and geopolitical tensions, with the PMI falling to a 14-month low. In particular, the manufacturing PMI fell to 56.5 points from 58.2 points in February, slipping to a 14-month low, according to final data from S&P Global. The manufacturing […]
Steady improvement in processing conditions in March
S&P Global’s PMI® survey data for March indicated a steady improvement in operating conditions across the Greek manufacturing sector. However, overall growth was slower in the last 11 months, as production growth and new orders declined due to weaker demand conditions. The main indicator was supported in part by the deterioration of supply delivery time […]
Processing in Greece at a low of 11 months
S&P Global’s PMI® survey data for March indicated a steady improvement in operating conditions across the Greek manufacturing sector. However, overall growth was slower in the last 11 months, as production growth and new orders declined due to weaker demand conditions. The main indicator was supported in part by the deterioration of supply delivery time […]
USA: Manufacturing activity strengthened in February
Manufacturing activity in the United States intensified in February as COVID-19 infections receded after a jump in previous months due to the micron mutation. In particular, the Institute for Supply Management (ISM) announced that the index for the activity of the country’s factories increased to 58.6 points last month, from 57.6 points in January, which […]
Eurozone: Slight slowdown in manufacturing PMI in February
The growth dynamics of the manufacturing industry in the euro area slowed slightly last month, but activity remained strong and supply chain problems eased slightly, although factories and consumers have to deal with rapidly rising prices. The manufacturing PMI in the eurozone fell to 58.2 points in February from 58.7 points in January, against estimates […]
Slight slowdown in manufacturing PMI in February
Business conditions in the Greek manufacturing sector continued to improve sharply in February, according to the latest PMI® survey. The growth rates of production, new orders and employment levels remained well above the corresponding long-term averages. Nevertheless, the growth rate of new orders continued to slow down, while pressures on the supply chain and inflation […]
KPMG: What did the CEOs of the manufacturing companies learn from the pandemic?
Pandemics, climate change and geopolitical events are leading manufacturing executives worldwide to focus more than ever on a double transformation: smart digitization and the goals of the Environment, Society and Governance (ESG), according to its research. KPMG. The findings are based on global research. “Global Manufacturing Propects 2022KPMG International has 150 CEOs of processing companies […]
US: Significant slowdown in manufacturing in January
Manufacturing activity fell to a 14-month low in January as a pandemic outbreak due to the micron mutation pressures economic activity and shortages in the labor market and supply chains hamper production. In particular, the Institute for Supply Management (ISM) announced that the manufacturing index fell to 57.6 points from 58.8 points in December. This […]
Britain: Half-year high for manufacturing in January
Britain’s manufacturing output grew at the fastest pace in six months in January as pressure on the global supply chain began to wane and factories met Omicron’s challenges. The manufacturing PMI of IHS Markit pointed out that the production index increased to 54.5 points in January – the highest level since July 2021 – compared […]
