Global Manufacturing Slump Continues at End of 2022 as Output and New Orders Fall Further
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14 comments on Global Manufacturing Slump Continues at End of 2022 as Output and New Orders Fall Further
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14 Comments
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1 year ago
My company is a high-tech manufacturer for some large corporations. Our customers are starting to pull back existing jobs and rethinking new ones. And the opposite is happening for our manufacturing partners. They see on-shoring ramping up because of better project management and greater geopolitical risks.
1 year ago
my take and gut is the world is de globalizing since trade wars started by trump in 2016. covid supply chain stuff made it accelerate. this will slow stuff down. but make stuff more expensive, in the long run. just my study and gut of centuries of these de global cycles. like ww1 to mid 60s…….and centuries before. the ebbs and flows of trading and trade wars.
1 year ago
Farmers are doing well, and that is a primary industry (farming, fishing, timber harvesting, mining (including oil)).
1 year ago
i smell absolutely no slowdown in economy. i keep asking everyone i talk with and meet new from immigrant laborers to techies in CA to bankruptcy attorneys……………to military weapons maker employees…………….to chefs and servers. zip. nada. haven’t found a one feeling any pinch. i know this could be completely rubbish, but i will keep searching. i think the r/e sales folks i know were already slow as volume was bad a year ago. gotta ask them.
1 year ago
Looks to me that BRICS are winning vs Nato.
Precious metals continue to beat the stock market too.
1 year ago
The coming job / credit losses won’t help. Nor will covid stimulus driven excess savings running dry.
link to twitter.com
1 year ago
Mexico is up. Canada and Just in time China are slightly down. Our main partners together are doing ok. Russia PMI is high because they are becoming more self reliant. India is replacing China, producing more petrochemicals, oil, machinery, silver jewelry and diamonds.
1 year ago
The domestic terrorists in the House of Representatives want to overthrow their leadership now. We are headed for anarchy soon because there maybe no speaker of the house.
1 year ago
Wow. No speaker of the house? What would we all do? Will the sun still rise?
I think this is a minor issue for most of us.
1 year ago
Doesn’t bode well for those Republicans that hoped their representatives would us their majority to do more than shriek and throw poop.
Gridlock suits me fine though.
1 year ago
It would be a tequila moment for me. Note how terrified the slaves get when they think they’ll have to give up their chains.
1 year ago
From my vantage point, all is well. I’m like Kevin Bacon in Animal House.
I am in the manufacturing business but not consumer oriented. For the 2008 recession, we lagged by 11 months!. Business then dropped over 60% and recovered very slowly. I think we had about the same time frame for recovery – about 18 months.
Anyone seeing the decline in their business? Any industrial companies cutting actual workers? The job cuts seem to be among tech and others that don’t actually add value.
1 year ago
MIC weapons makers are in high cotton. they got more from Rs than sleepy joe even wanted. does raytheon add value? existential question, which one can ponder.
1 year ago
Could you say a bit more about what you are seeing? Thanks.