“Supply chain disruptions” steady US manufacturing index

01 April 2020

 

US purchasing managers' indices (PMIs) have been sliding since August 2018, albeit from elevated levels. After reaching a cyclical peak in September 2017, manufacturing PMI readings went sideways for a year before they started a downtrend. Readings then stabilised after a truce of sorts was made with the Chinese regarding trade in late 2019. However, the latest reading implies US manufacturing activity began contracting in March.  According to the latest...

read full story