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

Index breaks into positive territory for the first time in 14 months as global manufacturers report stretched capacity demand for raw materials, commodities and components accelerates, a positive indicator for the rest of 2024 factory purchasing in asia rising at the fastest rate since december 2021, driven by india, china and south korea slack in european markets rapidly shrinking, indicating an advancement of the region's manufacturing recovery global reports of order backlogs rising because of staff shortages at their highest since late 2022, signaling future price pressures clark, n.j. , june 13, 2024 /prnewswire/ -- the gep global supply chain volatility index — a leading indicator tracking demand conditions, shortages, transportation costs, inventories and backlogs based on a monthly survey of 27,000 businesses — increased notably in may to 0.21, from -0.18 in april.
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