Odds of a soft landing for the u.s. economy are rising as manufacturing stabilizes in september, but recession alarm bells ring for europe: gep global supply chain volatility index

The downturn in global demand for commodities and raw materials is stabilizing, but we're yet to see any signs of improvement europe is by far the globe's biggest weak spot, as plummeting demand in major economies such as germany and france raises recession risks by contrast, excess capacity across north american supply chains increases by the smallest margin since april, hinting at soft landing asian suppliers report an uplift in spare capacity due to deteriorating economic conditions after a relatively resilient year-to-date clark, n.j., oct. 13, 2023 /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 — fell from -0.18 in august to -0.35 in september, with a sharper increase in excess capacity across the world's supply chains.
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