Wahyu Dwi Anggoro
The other European nations covered by the survey fared similarly, with marked contractions seen in the UK, Poland and Czechia.
“The global manufacturing output PMI slipped 0.4-point in December, and ends 2023 in modest contraction territory. Last month’s decline was broadly based across economies. Output slipped in Europe after a promising rise in November, and the US took a step downwards. Global new orders and employment also ticked down last month, falling 0.4-point and 0.5-point respectively. Future output was one of the few bright spots in the report, alongside a modest firming in indicators of pricing and delivery times," Maia Crook, Global Economist at JP Morgan, said in a media release on Tuesday.
December saw global manufacturing new business intakes decline for the eighteenth month in a row, with reductions signalled across the consumer, intermediate and investment goods industries. International trade flows also deteriorated, as the downturn in new export orders was extended to 22 months. (WHY)
