An unchanged global manufacturing PMI reading in December masked improvements in various sub-indices: factory production growth accelerated, supply disruptions eased, safety stock building was less evident and price pressures abated. Though the impact of the Omicron variant remains highly uncertain, business future expectations also remained largely unchanged, as any concerns over disruptions caused by rising case numbers were largely offset by the improving supply situation and growing hopes that any disruptions would be modest compared to prior waves. We review the latest PMI sub-index data with 10 key charts. The ... (full story)