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Last actualization : 10/11/2023
The author: AD
Global manufacturing activity remains flat. The global purchasing managers’ index, which reflects order intake, production, employment, supplies and inventories, suffered a thirteenth consecutive monthly deterioration in world trade in October. Europe and China as weak links.
The Purchasing Managers’ Index, a composite measure of a country’s manufacturing activity that reflects order intake, production, employment, supplies and inventories, recorded its twelfth consecutive monthly deterioration in trade worldwide in September (last broadcast). But at a less significant pace than in the summer months.
The seasonally adjusted PMI for new export orders fell from August’s 47.9 to 48.1, knowing that a reading below 50% signals a decline in activity. The trend…
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