US: Manufacturing is slowing, price pressure is abating – Wells Fargo – by MSalordFX Manufacturing UnitedStates Banks
Falling prices at the expense of contraction in activity
“The largest decline was not in orders or in production, but rather in the prices component which slid 3.6 points to 39.4, approaching lows hit amid the height of the pandemic lockdowns in March and April of 2020. Not only that, the prices paid measure has posted declines for 9 straight months, suggesting that the fastest“On Friday, we'll get the latest data for total payrolls in the U.S. economy in which we still expect to see payrolls rose by 205K in December.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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