MANUFACTURING ACTIVITY WORLDWIDE JUMPED IN MAY, SPURRED BY STRONGER DEMAND ACROSS MAJOR ECONOMIES, INDICATING ROBUST OUTLOOK FOR H2 2024: GEP GLOBAL SUPPLY CHAIN VOLATILITY INDEX
A key factor behind the index's increase in May was a further improvement in global manufacturing demand, leading factories to ramp up their purchases of raw materials, commodities and components.
- A key factor behind the index's increase in May was a further improvement in global manufacturing demand, leading factories to ramp up their purchases of raw materials, commodities and components.
- Overall, this paints an optimistic picture for the outlook in H2 2024 for global supply chains.
- May data showed stronger demand from manufacturers in the U.S. and Mexico, exerting more pressure on North American suppliers.
- The next release of the GEP Global Supply Chain Volatility Index will be 8 a.m.