Global PMI Readings Show Decline in August

With many regions experiencing supply chain issues and labor shortages, most of the global manufacturing countries tracked by Brushware saw a decline in PMI readings for August compared to July. Italy was the only country that showed an improved PMI reading. Despite the challenges, business optimism remained strong across most of the regions and countries tracked.

GERMANY: IHS Markit/BME reported a 62.6 percent August PMI for German manufacturers for a 3.3 percent drop from the previous month. Supply shortages caused output to significantly fall behind new orders. Increasing price pressure reduced business optimism, but employment rose for a sixth straight month as manufacturers looked to expand capacity. 

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German Manufacturing Stays Near Record Levels

Global manufacturers saw varying results in the month of July as many countries face new headwinds with COVID-19 outbreaks hitting specific regions. Additionally, lead times are still extended with supply chain issues continuing. Firms are also facing labor challenges that pre-date the pandemic but have escalated during the past 18 months. Both issues lead to inflationary pressure with most regions reporting input and output price increases. Still, all countries in our report remain above the crucial 50 percent PMI line, but business confidence overall for manufacturers is slipping as companies weigh the impact of prolonged issues from the COVID-19 Delta variant.

GERMANY: IHS Markit/BME reported a PMI of 65.9 percent for German manufacturers in July, which represented a second straight month of growth and the third-highest figure on record. New orders were strong and led to a sharp increase in backlogs. Employment also saw a big increase.

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Labor Challenges Cited as US Manufacturing PMI Dips to 59.5 Percent

Overall US Economy Has 14th Consecutive Month of Growth

US manufacturers registered a 59.5 percent PMI® according to the July Manufacturing ISM® Report On Business®. That was down 1.1 percentage points from the June reading of 60.6 percent and the lowest reading since January. In the report, Timothy R. Fiore, Chair of the ISM® Manufacturing Business Survey Committee says Business Survey Committee panelists reported that their companies and suppliers continue to struggle to meet increasing demand levels.

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US Manufacturing PMI Stays Strong in June

13 Straight Months Above The 50 Percent Line for US Manufacturers

The ISM® Report On Business® for June reported a US PMI of 60.6 percent, down slightly from the May reading of 61.2 percent. Panelists from the survey reported that their companies and suppliers continue to struggle to meet increasing levels of demand. Record-long raw-material lead times, wide-scale shortages of critical basic materials, rising commodities prices and difficulties in transporting products are continuing to affect all segments of the US manufacturing economy.

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UK Manufacturing Leads the Pack

India’s PMI sees a steep drop as COVID-19 strikes the country hard

For the most part, manufacturing showed strength in May as the Eurozone and four additional countries were comfortably above the 60 percent PMI level. UK manufacturers set the pace as the country surged with a 4.7 percent PMI increase to reach a new high of 65.6 percent. On the other hand, India struggled with a COVID-19 resurgence and reversed the UK number and fell by 4.7 percent to a 50.8 percent PMI reading.

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Global PMI: Strong Numbers Continue

Manufacturing PMI numbers across the world pushed up in April with only the US and Germany showing a decline from March. Of course, Germany and the US were still above the 60 percent mark and notably both Italy and the UK also pushed into the 60th percentile as well. Despite issues from COVID-19, Indian manufacturing grew by one-tenth, while China showed a strong bump of 1.3 percent to reach 51.9 for April. All countries reported strong business optimism despite supply-chain issues and COVID-19 concerns in India.

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US Manufacturing Stays Strong in April

The latest Manufacturing ISM® Report On Business® issued by Timothy R. Fiore, Chair of the ISM® Manufacturing Business Survey Committee reported a 60.7 percent PMI for April. That represented a decrease of four percentage points from the March reading of 64.7 percent.

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German Manufacturers Lead Global Rebound

Manufacturing across the world continued to surge in March as Germany, the U.S. and the Eurozone all registered PMI numbers above 60 percent. Demand is strong across the world but China slipped 0.3 percent from February to register a 50.6 PMI reading. India also saw a sharp drop off to 55.4 percent after previously pulling back slightly in February from a January reading of 57.7 percent.

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