Industrial import recovery insecure as ISM, shipment growth slow

Business Sentiment 181 China 2832 Germany 222 Industrials - Capital Goods 548 Materials - Chemicals 198 Materials - Construction 104 Materials - Metals/Mining 694 Materials - Packaging 40 U.S. 5064

U.S. business sentiment towards trade split into two directions in November. The ISM reading for import orders dipped to 55.1 (over 50 represents expansion) from 58.1 a month earlier. U.S. seaborne imports of Industrial sector products slowed to a 9.5% year over year expansion in the first half of November from a 16.3% increase in October. A slowdown in the growth of Building Products and Industrial Components, to a still considerable 14.5% and 10.6% respectively, came alongside a decline in Power Equipment and Construction / Heavy Truck shipments of 0.4% and 1.6% respectively. The ISM s...

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