Manufacturing Has Peaked This Cycle, 8 of 11 ISM Components in Contraction
Mish Talk
DECEMBER 1, 2022
Please consider the November 2022 Manufacturing ISM ® Report On Business ® “Manufacturing contracted in November after expanding for 29 straight months. Order backlogs, prices and now lead times are declining rapidly, which should bring buyers and sellers back to the table to refill order books based on 2023 business plans.”
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