Global #manufacturing output fell for a 5th straight month in December. Although improving supply helped moderate the rate of decline, a further steepening in the rate of loss of new orders paints a bleak picture of demand. More at bit.ly/3jSl9P9 #PMI 
Factories around the world are now also shedding workers in response to worrying signs of excess operating capacity, according to @SPGlobalPMI data
@SPGlobalPMI Similarly, input buying by factories is slumping worldwide as firms adjust their inventories to lower demand and lower production requirements.
@SPGlobalPMI The upside to this drop in demand for raw materials (and commensurate improvement in supply) was a further cooling of industrial price pressures in December. Producer input price #inflation hit the lowest for 2 years.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
