Manufacturing orders from China down 40% in unrelenting demand collapse

Manufacturing orders from China down 40% in unrelenting demand collapse

  • U.S. manufacturing orders in China are down 40% in what a logistics manager described to CNBC as an unrelenting demand collapse.
  • Asia-based shipping firm HLS recently told clients it is a “very bad time for the shipping industry.”
  • China to U.S. container volume was down 21% between August and November.
  • Chinese factories are shutting down two weeks earlier than usual ahead of Chinese New Year.

https://www.cnbc.com/2022/12/04/manufacturing-orders-from-china-down-40percent-in-demand-collapse.html


Posted

in

by

Tags:

Comments

Leave a Reply