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Four troubling global trade trends flashing consumer weakness for a market already fearing recession - TL;DR CNBC

Four troubling global trade trends flashing consumer weakness for a market already fearing recession

Publishing timestamp: 2023-01-13 17:29:28


Summary

Factory orders in China for U.S. companies are down between 40%-50%, incoming global ocean freight bound for U.S. is down, and canceled sailings around the world are skyrocketing, indicating a decrease in demand. Bank CEOs have forecasted a recession for 2023, and Maersk has said there is a likelihood of a global recession already underway. Warehouse inventory is high, and e-commerce inventory is higher than inventory heading to brick-and-mortar stores. Manufacturing orders are down, global ocean orders are down, and ocean carriers have canceled more sailings than usual.


Sentiment: NEGATIVE

Tickers: DP4H-FF

Keywords: united statesap moeller - maersk a/stransportation and shippingjpmorgan chase & cotradejamie dimonu.s. economyworld economybusiness newsasia economybrian moynihantransportationshippingeconomy

Source: https://www.cnbc.com/2023/01/13/4-troubling-global-trade-trends-flashing-consumer-weakness-recession.html


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