Skin ADV

eng
About   |   Newsletter
Demand & Supply Chain Management Evolution


Macroeconomic Trends
World  Countries  Sectors & Industries 

Supply-chain Indices 


World


Global Manufacturing PMI

J.P.Morgan - IHS Markit



  Last update  
  5 Oct 2020  
   Global  
  Global manufacturing recovery continues at end of third quarter  
 
Abstract

Key findings

  • Production and new work intakes increase again
  • New export orders rise for first time since August 2018
  • Pace of job losses eases


The upturn in the global manufacturing sector continued during September. Output and new orders both rose for the third successive month, while new export business expanded for the first time in over two years. Business sentiment hit its highest level since May 2018.    

The  J.P.Morgan Global Manufacturing PMI™ – a composite index produced by J.P.Morgan and IHS Markit in association with ISM and IFPSM – rose to a 25-month high of 52.3 in September,  up from 51.8 in August. The headline PMI has signalled expansions in each of the past three  months. Out of the 29 nations for which PMI data were available, 21 registered growth during the latest survey month.

Notes: Due to later-than-usual release dates, September 2020 manufacturing PMI data for South Korea and Taiwan were not available for inclusion in the global figures.

The rate of increase in manufacturing production remained close to August's 28-month record. Faster expansions in the US and the eurozone were partly offset by slower growth in China and the UK and ongoing contraction in Japan. Sub-sector PMI data signalled that the upturn remained broad-based, with expansions signalled across the consumer, intermediate and investment goods industries. Growth accelerated to a near ten-year high at investment goods producers, but eased in the other two categories.

Underpinning higher production volumes was a further increase in new business. New order intakes rose at the quickest pace in almost two-and-a-half years, boosted by the first increase in international goods trade since August 2018. Concurrent expansions in new export business were seen across the three product categories covered by the survey (consumer, intermediate and investment) for the first time since May 2018.

September saw global manufacturing employment decline for the tenth successive month. However, the rate of job shedding was only marginal and the slowest since January. Staffing levels were raised in the US and China, but reduced in the eurozone and Japan.

Global supply chains remained stretched by the upturn in demand for inputs as economies across the globe reopened. Purchasing activity rose for the second month running and to the greatest extent since June 2018. Meanwhile, average vendor lead times increased for the fourteenth month in a row. Stocks of purchases and finished goods were both depleted further in September.

Input cost inflation accelerated to its highest level since the end of 2018 during September, leading to a further increase in manufacturers' output charges. Both price measures were (on  average) higher in emerging markets compared to their developed nation counterparts.

Business optimism improved to a 28-month high during September, with confidence strengthening across the consumer, intermediate and investment goods industries. The highest degree of positivity was registered at investment goods producers.

 

 

 
     
  Country/Area Index Source Link  
  Global J.P.Morgan Global Manufacturing PMI IHS Markit  
             

 

Last updated: Jun 19, 2018






 
           Circular Economy     Industry 4.0     Blockchain 

     Internet of Things     Omni Channel 


Join us on


News & Trends
 

Last update 5 Oct 2020
Strongest improvement in operating conditions since January 2019
   Source: Markit US Manufacturing PMI   -  IHS Markit
United States 


Fashion

Today’s omni-channel marketplace means competition is increasing, consumers are demanding more relevant products, inventory lifecycles are shorter and fulfillment is incredibly complex. Business conditions are constantly changing, which means you need the flexibility to adapt quickly and continu...


5 Key Tactics for Improving Your Demand Forecasts

The two most basic concepts in business are supply and demand, but as they play out in something as complex as the modern industrial supply chain they’re anything but basic. To wit, about 70% of supply chain bus...


Education
 

Resources
 
Erema: Gaining a competitive edge through preferential exports

Erema, an Austrian manufacturer of recycling systems, uses AEB software to accelerate the proper classification of its components, manage supplier’s declarations, and ensure compliance in its exports. Erema ship...

The Connected Value Chain: Creating Durable Value with Digital

Today’s businesses are faced with a dizzying array of digital promises—and threats: the Internet of Things, wearables, additive manufacturing, big data and analytics, gamification, ubiquitous access, and hype...