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Yahoo
27 minutes ago
- Yahoo
U.S. FACTORY PURCHASES SLOWED SHARPLY IN JULY, DRIVING GLOBAL SUPPLY CHAIN SLOWDOWN: GEP GLOBAL SUPPLY CHAIN VOLATILITY INDEX
U.S. manufacturers slash purchases after front-loading inventories during the 'tariff pause' Asia factories slow, driven by Japan, South Korea and Taiwan manufacturers Europe's fragile recovery stalled in July as German growth weakened ahead of tariff agreements CLARK, N.J., Aug. 13, 2025 /CNW/ -- Global supply chain activity fell in July as U.S. manufacturers sharply tapered purchases of materials and components after building inventories in June ahead of the end of the 'tariff pause,' according to 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. The index dropped to -0.35 from -0.17 in June, signaling increased spare capacity worldwide. The U.S. was the main driver, with North America's index falling to -0.33 from -0.06. The reversal follows a surge in June when U.S. factories front-loaded orders to beat anticipated tariff changes. In July, U.S. manufacturers sharply tapered purchases of inputs — materials, components and commodities — signaling expectations of slowing demand going forward. "When we remove companies' front-loading inventories and rerouting goods to avoid tariffs, the underlying picture points to slowing manufacturing demand worldwide," said John Piatek, vice president, consulting, GEP. "The July data shows a clear pullback in orders, with U.S. manufacturers preparing for lower demand going forward." REGIONAL KEY FINDINGS Asian factory purchasing activity remains slightly below trend due to growing weakness in Japan and South Korea. Data was mostly collected prior to these two countries striking double-digit tariff agreements with the U.S. Taiwanese factories also saw an accelerated downturn, weighing on the broader region. Notably, after declining in the two previous months, China's factory buying volumes rose in July. Europe industrial recovery slipped: Its index dropped to -0.30 from 0.01. Germany's rebound slowed, highlighting the fragile nature of the continent's industrial recovery. U.K.: Index declined to -0.58, from -0.41, signaling that the U.K.'s supply chains continue to experience an elevated level of spare capacity. Interpreting the data:Index > 0, supply chain capacity is being stretched. The further above 0, the more stretched supply chains < 0, supply chain capacity is being underutilized. The further below 0, the more underutilized supply chains are. CATEGORY KEY FINDINGS INVENTORIES: Safety stockpiling eased, indicating limited concern over supply bottlenecks or price surges. LABOR & TRANSPORTATION: Staffing capacity and transportation costs were stable, with no signs of inflationary pressure from these sources. For more information, visit Note: Full historical data dating back to January 2005 is available for subscription. Please contact economics@ The next release of the GEP Global Supply Chain Volatility Index will be 8 a.m. ET, Sep. 11, 2025. About the GEP Global Supply Chain Volatility Index The GEP Global Supply Chain Volatility Index is produced by S&P Global and GEP. It is derived from S&P Global's PMI® surveys, sent to companies in over 40 countries, totaling around 27,000 companies. The headline figure is a weighted sum of six sub-indices derived from PMI data, PMI Comments Trackers and PMI Commodity Price & Supply Indicators compiled by S&P Global. A value above 0 indicates that supply chain capacity is being stretched and supply chain volatility is increasing. The further above 0, the greater the extent to which capacity is being stretched. A value below 0 indicates that supply chain capacity is being underutilized, reducing supply chain volatility. The further below 0, the greater the extent to which capacity is being underutilized. A Supply Chain Volatility Index is also published at a regional level for Europe, Asia, North America and the U.K. For more information about the methodology, click here. About GEP GEP® delivers AI-powered procurement and supply chain solutions that help global enterprises become more agile and resilient, operate more efficiently and effectively, gain competitive advantage, boost profitability and increase shareholder value. Fresh thinking, innovative products, unrivaled domain expertise, smart, passionate people — this is how GEP SOFTWARE™, GEP STRATEGY™ and GEP MANAGED SERVICES™ together deliver procurement and supply chain solutions of unprecedented scale, power and effectiveness. Our customers are the world's best companies, including more than 1,000 Fortune 500 and Global 2000 industry leaders who rely on GEP to meet ambitious strategic, financial and operational goals. A leader in multiple Gartner Magic Quadrants, GEP's cloud-native software and digital business platforms consistently win awards and recognition from industry analysts, research firms and media outlets, including Gartner, Forrester, IDC, ISG, and Spend Matters. GEP is also regularly ranked a top procurement and supply chain consulting and strategy firm, and a leading managed services provider by ALM, Everest Group, NelsonHall, IDC, ISG and HFS, among others. Headquartered in Clark, New Jersey, GEP has offices and operations centers across Europe, Asia, Africa and the Americas. To learn more, visit About S&P Global S&P Global (NYSE: SPGI) S&P Global provides essential intelligence. We enable governments, businesses and individuals with the right data, expertise and connected technology so that they can make decisions with conviction. From helping our customers assess new investments to guiding them through ESG and energy transition across supply chains, we unlock new opportunities, solve challenges and accelerate progress for the world. We are widely sought after by many of the world's leading organizations to provide credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help the world's leading organizations plan for tomorrow, today. Media Contacts Derek Creevey Joe Hayes S&P Global Market Intelligence Director, Public Relations Principal Economist Corporate Communications GEP S&P Global Market Intelligence Email: Phone: +1 646-276-4579 Phone: +44-1344-328-099Email: Email: View original content to download multimedia: SOURCE GEP View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNET
29 minutes ago
- CNET
Get Back to School Ready With This $599 Apple 13-Inch M1 MacBook Air
You may be eyeing Apple's latest M4 MacBook Air, but, in reality, most people probably don't need quite so much performance. Instead, consider picking up the M1 MacBook Air, a model that ushered in the new era of Apple M-series chips in 2020. It has a gorgeous 13-inch display, a fast chip and a great keyboard. The best part? You can now get the device for just $599 at Walmart. This deal is available to everyone who wants to take advantage of it, but we suggest ordering soon -- we don't know how long this $50 discount will last. The good news? You can choose from three different colors when ordering. The M1 MacBook Air has an Apple M1 chip, which includes an eight-core CPU and a seven-core GPU. That chip is backed up by 8GB of RAM and a fast 256GB solid-state drive. And the 13.3-inch display promises sharp text and vibrant colors, with a resolution of 2,560x1,600 pixels. Hey, did you know? CNET Deals texts are free, easy and save you money. This MacBook Air is silent because it lacks a fan and sports a long-lasting battery that can run for up to 18 hours between charges. Factor in support for Apple's latest macOS software updates and tight integration with other Apple hardware, like the iPhone and iPad, and this extremely capable laptop is hard to beat at this price. It also makes a great option for teens or college students who want to be in the Apple ecosystem but don't want to spend the big bucks on the M4 models. Don't worry if this deal isn't for you, though. Feel free to peruse our other top laptop deals and check back often since we'll be updating these pages throughout this sale event. Why this deal matters The M1 MacBook Air is the best MacBook you can get on a budget. It marked the beginning of a new era for Apple, delivering significant performance and efficiency gains over its Intel-powered MacBooks. Although we've seen newer chips from Apple, the M1 is still powerful. It also has a thin, light and fanless design and offers solid battery life. At under $600, it's difficult to find a laptop that will tick as many of the right boxes as this one.
Bloomberg
30 minutes ago
- Bloomberg
Bessent Says Fed Rates Should Likely Be 150, 175 Basis Points Lower
By , Jonathan Ferro, and Annmarie Hordern Save US Treasury Secretary Scott Bessent said interest rates are 'too constrictive' and should likely be 150-175 basis points lower. Bessent, speaking in an interview on Bloomberg Television, said the Federal Reserve could be heading into a series of rate cuts in the coming months — starting with a half-point reduction in September.
