FAST FIVE: US Manufacturing 'Soft' Survey Data Disappoints With Modest Rebound
US Manufacturing 'Soft' Survey Data Disappoints With Modest Rebound Tyler Durden Mon, 06/01/2020 – 10:04 Following May's preliminary PMI rebound, final 'soft' survey data for the US manufacturing sector was expected to consolidate its rebound.
At the same time, lower input buying and weaker overall demand conditions put pressure on suppliers to lower their prices.
Consequently, input costs fell again, in turn helping manufacturers to cut their output charges at a record pace as firms sought to remain competitive.
There is good optimism out there.” (Nonmetallic Mineral Products) “Despite the COVID-19 issues, we are seeing an increase of quoting activity.
Job losses meanwhile continued to run at one of the highest rates in over a decade, and pricing power has collapsed.