Global manufacturing - New disruptions on the horizon
Global manufacturing PMI rose to eight-month high in February. Both DMs and EMs show gains, but Canadian and Mexican PMIs sharply down on US tariffs. Improvements at both supply and demand side; export PMIs down for US, Canada, Mexico. Price components suggest pressures from industrial goods’ prices are building again. Spot container tariffs keep falling so far. US port fee plans may lead to serious disruptions in global shipping.
