...may be a little too late for any reversal from a Trump 2.0 US-reshoring policy that could be offset by a Trump trade war.
THIS IS ONE OF THE LONGEST US MANUFACTURING DOWNTURNS IN HISTORY
US ISM manufacturing PMI has contracted in 24 out of 25 months, the longest streak since the 1990s recession.
Expect more weakness ahead as backlogs fell to a 4-month low in November and shrunk for 25 months.
