From increasing new orders and employment, higher production and backlogs, slower supplier deliveries, and more expensive raw materials. Increasing inventories, low customer inventories, and a slow rate of rising prices. An increasing number of failing exports; imports; here is what happened in August 2022. From increasing new orders and employment, higher production and backlogs, slower supplier deliveries, and more expensive raw materials. Increasing inventories, low customer inventories, and a slow rate of rising prices. An increasing number of failing exports; imports; here is what happened in August 2022. 

Global Manufacturing PMI 

The Manufacturing PMI® for August was 52.8 percent, the same as in July. This result indicates an economic expansion for the 27th month in a row, following contractions in April and May 2020. However, the Manufacturing PMI® statistic has dropped for the second month to 52.4 percent in June 2020. The New Orders Index was 51.3 percent, 3.3 percentage points higher than the previous month's reading of 48 percent. 

Global Production Index

The Production Index score of 50.4 percent is 3.1 percentage points lower than the previous month's result of 53.5 percent. The Prices Index was 52.5 percent, down 7.5 percentage points from the previous month's reading of 60 percent; this is the index's lowest level since June 2020. (51.3 percent).

Order Blockage Index

The Backlog of Orders Index was 53% in August, 1.7 percentage points higher than the previous month's reading of 51.3 percent. After three months of decline, the Employment Index increased by 54.2 percent, 4.3 percentage points higher than the previous month's reading of 49.9 percent. The score of 55.1 percent on the Supplier Deliveries Index is 0.1 percentage points lower than the July result of 55.2 percent. The Inventories Index was 53.1 percent, 4.2 percentage points lower than the previous month's figure of 57.3 percent.

New Export Index

The New Export Orders Index fell 3.2 points to 49.4 percent in August, from 52.6 percent in July. The Imports Index remained in expansion territory at 52.5 percent but was 1.9 percentage points lower than the previous month's reading of 54.4 percent.

• In the second quarter, the Philippines' economic growth slowed due to high inflation, rising 7.4% from a year earlier instead of the expected 8.2%.
• Greece's annual consumer inflation fell from 12.1% in June to 11.6% in July, but it is still very close to its peak in almost three decades.
• From April to June, Indonesia's economy grew more quickly because of a boom in exports fueled by increased commodity prices. According to official data, exports increased by nearly 20%, while the economy grew by 5.44% from a year earlier.
• Annual urban consumer inflation in Egypt increased from 13.2% in June to 13.6% in July.
• The benchmark interest rate of Thailand has increased by 25 basis points, marking the first increase in close to four years.

Eight of 18 industries reported paying higher prices for raw materials in August, in the following order: Electrical Equipment, Appliances & Components; Miscellaneous Manufacturing; Computer & Electronic Products; Furniture & Related Products; Paper Products; Machinery; and Printing & Related Support Activities. 

Conversely, apparel, leather & allied products, wood products, fabricated metal products, plastics & rubber products, primary metals, food, beverage & tobacco products, and transportation equipment are the seven industries that reported paying lower prices for raw materials in August.