The housing market slowdown is showing up in shipping data from China

Posted on AllSides June 27th, 2022
From The Center

Spending cutbacks by the consumer already led to a decrease in Chinese manufacturing orders by U.S. importers of 20-30%, as recently reported by CNBC, and more recent data from U.S. shippers shows the housing market slowdown is now showing up in the Asian supply chain data too.

“We are seeing the impact and slowdown across home appliances, white goods (items like dishwashers), and DIY products,” said Akhil Nair, senior vice president of products for Asia Pacific at Seko Logistics. “We have seen a major slowdown in furniture and home decoration especially...

Read full story
Some content from this outlet may be limited or behind a paywall.

CNBC

AllSides Media Bias Rating: Center
AllSides Media Bias Rating: Center
106704/84317
See full bias rating for CNBC
Learn about media bias
https://www.cnbc.com/2022/06/27/the-housing-market-slowdown-is-showing-up-in-shipping-data-from-china.html

More News about Economy and Jobs from the Left, Center and Right

From the Left

From the Center

From the Right