Global Purchasing Index for October – slows
What is the Global Purchasing Index?
The GPI is a monthly benchmark that gauges purchasing professionals’ views on procurement activity in the electronic components marketplace. A reading below 100 indicates pessimism; a reading above 100 indicates optimism.
The Global Purchasing Index for October – slows according to this months GPI index
A GPI reading above 100 indicates optimism among buyers at original equipment manufacturing and contract manufacturing firms. Confidence levels had been above 115 since June of this year and hit their peak in March, at a reading of 124.4; September’s reading of 123.7 marked the second-highest level this year.
Four of the five GPI indexes declined in October, with the inventories index slipping the most. The inventories index dipped below 2 for the first time since May, indicating that buyers have less inventory on hand. In addition, some buyers reported experiencing longer lead times for some components, despite an overall decline in the lead times index. Click here for the full article
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