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Global trade rebound beats expectations but marked by regional divergences | Hellenic Shipping News Worldwide

The WTO is now predicting global merchandise trade volume growth of 10.8% in 2021—up from 8.0% forecasted in March—followed by a 4.7% rise in 2022 (Table 1). Growth should moderate as merchandise trade approaches its pre-pandemic long-run trend. Supply-side issues such as semiconductor scarcity and port backlogs may strain supply chains and weigh on trade ...
United States Ngozi Okonjo Iweala European Union Services Trade Barometer Summary Service World Trade Organization

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Manufacturing PMI® At 60.6%; June 2021 Manufacturing ISM® Report On Business®

July 1, 2021 TEMPE, Ariz. — July 1, 2021— Economic activity in the manufacturing sector grew in June, with the overall economy notching a 13th consecutive month of growth, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®. The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee: “The June Manufacturing PMI® register...
Timothyr Fiore Bureau Of Economic Analysis Petroleum Coal Products Census Bureau Business Survey Committee Bureau Of Labor Statistics

Manufacturers Report Longest Supplier Lead Time Since 1987

ISM Economic expansion for 12 Suppliers struggle to meet increasing demand Lead times longest since 1987 Prices highest since 2008 Wide-scale shortages of critical basic materials Difficulties in transporting products Short-term shutdowns due to part shortages Exports and imports growing While the economy is expanding, manufacturers continue to struggle with workforce shortages, limited supplies and the largest order backlog since 1993. Economic activity in the manufacturing sector gr...
Timothyr Fiore Bureau Of Economic Analysis Organisation For Economic Business Survey Committee Bureau Of Labor Statistics Manufacturing Business Survey Committee

Services PMI® at 62.7%; April 2021 Services ISM® Report On Business®

®. The report was issued today by Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for Supply Management ® (ISM ®) Services Business Survey Committee: "The Services PMI ® registered 62.7 percent, which is 1 percentage point lower than last months all-time high of 63.7 percent. The April reading indicates the 11th straight month of growth for the services sector, which has expanded for all but two of the last 135 months. "The Supplier Deliveries Index registered 66.1 percen...
United States Kristina Cahill Anthony Nieves Photofinishing Services Public Administration Care Services

Manufacturing PMI® at 60.7%; April 2021 Manufacturing ISM® Report On Business®

®. The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management ® (ISM "The April Manufacturing PMI ® registered 60.7 percent, a decrease of 4 percentage points from the March reading of 64.7 percent. This figure indicates expansion in the overall economy for the 11th month in a row after contraction in April 2020. The New Orders Index registered 64.3 percent, declining 3.7 percentage points from the March reading of 68 percent. The Producti...
United States Kristina Cahill Timothyr Fiore York Stock Exchange Bureau Of Economic Analysis Petroleum Coal Products

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