PMI Insights: Extreme weather impact

2023 has delivered some extreme weather, 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 in Europe can impact the transportation of a range of raw materials, rippling through to industrial performance.   Our Purchasing Managers' Index and other survey data 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 in the data and how they provide insights into over 40 countries and regions around the world.   Featured experts:    Paul Smith, Director, Economic Indices, S&P Global Market Intelligence https://www.spglobal.com/en/enterprise/experts/smith-paul.html   Andrew Harker, Director, Economic Indicators & Surveys, S&P Global Market Intelligence https://www.spglobal.com/en/enterprise/experts/harker-andrew.html   Phil Smith, Economics Associate Director, Economic Indicators & Surveys, S&P Global Market Intelligence https://www.spglobal.com/en/enterprise/experts/smith-phil.html   Explore our full library of S&P Global Market Intelligence podcasts here: https://www.spglobal.com/marketintelligence/en/news-insights/podcasts/