Global Production Levels Falling At the End of 2023
Supply Chain Matters
JANUARY 8, 2024
However, the data indicates that spending is clearly being influenced by product promotions and discounting. Commenting on the 2023 data and the outlook for the EU manufacturing sector in 2024, Dr. Cyrus de la Rubia, Chief Economist at Hamburg Commercial Bank , indicated in-part: “ The destocking process is showing no signs of letting up.
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