Civil Municipal Magazine - Dec 2023

12 CIVIL AND MUNICIPAL VOLUME 4, ISSUE 12 and represents a weighted sum of six sub-indices. A value above 0 indicates that supply chain capacity is being stretched and supply chain volatility is increasing, while values below 0 indicate that supply chain capacity is being underutilized, reducing supply chain volatility. Weakness in demand for rawmaterials, components and commodities continued in November, although the global slump in purchasing activity did ease, primarily because of North America, which seems to be well past the peak of its manufacturing industry downturn