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Manufacturing and construction are upside risks to US growth in 2024

Much of this year has been a guessing game of when the US would go into recession but for some sectors of the economy, it's never left and it's been brutal.Today's ISM manufacturing PMI underscored the pain in the sector:But if you squint, you can see it flattening out. If you dig deeper into the forward-looking indicators, there are signs of green shoots.Some (but not all) regional manufacturing numbers have exhibited a similar pattern and it makes sense. Companies de-stocked early this year on... Read More

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Content Topics

Manufacturing

Construction

Upside

Risks

Growth

2024

Forex

Posted: Aug 1 2023, 19:14

Author Name: forexlive

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