We have discussed the 'field-of-dreams'-like dreamscape that manufacturers have been living in for the last year at length as 'if-we-build-it' inventories are stacked to the ceiling relative to sales. Today's Global PMI data from Markit Economics provides confirming evidence that the miracle of self-fulfilling exporting is rapidly coming to an end.
From their report: "Conditions in the global manufacturing sector remained broadly stagnant in October. Levels of production and new orders
No comments:
Post a Comment