Demand slump drags global manufacturing to financial crisis levels
Demand slump drags global manufacturing to financial crisis levels
asia.nikkei.com
Demand slump drags global manufacturing to financial crisis levels
27 comments
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Huh, people aren't buying stuff.
Better raise prices more to compensate! That should help.
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The contradictions are sharpening.
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Go figure rampant profiteering would impact demand.
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Meanwhile, demand in the massive Chinese market has been weaker than anticipated. Official data for June showed dollar-denominated imports down from the previous month and falling on the year for a fourth consecutive month.
L'Oreal CEO Nicolas Hieronimus acknowledged in an earnings call in July that consumer confidence in China is "not yet at the pre-COVID level."
So the West is decoupling their economies from China, as they should
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Stagnating salaries and increasing cost of living having an impact on offer vs demand? No way
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best news i read all day
27 comments
Ah yes, it's always everyone else's fault for not buying enough shit, and not wage stagnation and market saturation with pointless product offerings driven by the soulless demand for ever increasing growth by the wealthy under capitalism.
Never the system at fault, always the exploited not being obedient enough market consumers.
That's right, it's the best system possible and we should never question it.
Especially since if you question it you'll die by the "invisible hand of the market" and be labelled an example on why any system other than capitalism can't actually work.