Supply chains begin to shift back to the US suppliers, “due to tariffs.”
Two US manufacturing reports were released this morning, one showing the fastest decline since June 2009, and the other showing an increase in growth, and given the bad numbers recently, the fastest growth in five months. So get ready for mild whiplash.
The bad news came from the Institute of Supply Management (ISM), whose Manufacturing Report on Business for September fell to 47.8. In this diffusion-type index, a value above 50 means growth and a value below 50 means decline. Today’s reading was the second month […]
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