Pantheon Macroeconomics

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3rd May 2022 00:20U.S., Daily Monitor

The manufacturing sector is feeling the weight of China’s slowdown; the ISM is set to fall further.

Manufacturing is not GDP, but—like housing—it is has an outsized impact on perceptions of the economy.

The number of job openings has peaked, likely be- cause rapid hiring has reduced the Covid backlog.

auto sales caixin domestic demand ism ism manufacturing job growth job openings labor labor market manufacturing manufacturing index manufacturing sector March May oil pmi q1 q2 q4 retail sales small firms surveys u.s.

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Keywords for: Manufacturing is Set to Slow, but it is an Unreliable Guide to GDP Growth

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