Ep. 185 - PMI Insights: Extreme weather impact
2023 has delivered some extreme weather events, from extreme heat in Southern Europe to a dry spell that affected crop yields in Southeast Asia and Australia, often with tragic human consequences.
Extreme weather events like droughts and floods also present risks to economies and supply chains. For example, the level of the Rhine River levels in Europe can impact the transportation of a range of raw materials, rippling through to industrial performance.
The rising cost of living — including food prices impacted by extreme weather — seems to be influencing whether people choose to make sustainable home improvements that enhance their energy security.
Our Purchasing Managers' Index and other survey economic data from surveys can pick up this impact, helping to assess behavioral changes as nations transition to greener and more efficient forms of energy. Our PMI economists share the signals they see are seeing in the data and how they provide insights into over 40 countries and regions around the world.
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