Global Factories Increase Production but Overseas Demand Remains Soft
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WSJTom Fairless, Eun-Young Jeong,Amara Omeokwe
Global Factories Increase Production but Overseas Demand Remains Soft
Factories across the U.S., Europe and parts of Asia increased production in July, but the upswing was held back by weak global trade and suggested a long and precarious road ahead for the global economy.
Aug 3, 2020
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A new S&P Global report shows U.S. factory activity is at a four-month low, with manufacturers facing a "worrying combination" of slow new orders and record unsold inventory. We break down how high prices driven by tariffs are slowing demand and threatening economic growth. #ManufacturingPMI #Tariffs #USEconomy #Inventory #FactoryActivity #EconomicNews #usa #UnitedStates | World Empire | Facebook
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