The following news article discusses a declining manufacturing environment on a global scale in May. This may be some of the recession fears that has received mixed signals by economists. Backlogged orders appear to be getting processed while new orders are slack.
Such single assessments don't necessarily show any definite outcome as of yet as manufacturing orders might change in a short timeframe. We have to wait for more manufacturing data to create trends and determination.
Covid revealed a unique Pandemic phenomenon of lock down behaviors we should pay attention to for future similar events and how to minimize negative impact. We learn from our past to make better market projections for the future.
Lack of demand may be a global issue but we should not delay our efforts to strengthen the nation. Building competitiveness even during down times is helpful.
As a people, our choices lead to outcomes so we should creating investment rich environments.
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