New York Fed research: the situation of new orders in the next six months in the manufacturing industry is worse than the low point during the 2008-2009 financial crisis, and it is at the lowest level in more than twenty years.
Data shows that the New Orders Index for the manufacturing industry in the Federal Reserve Bank of New York region fell to 6.6, which is lower than the low point during the financial crisis in 2008.
This indicates that the tariff war has greater impact than the economic financial crisis, and this is just the beginning.
Original article: https://www.toutiao.com/article/1829547488361472/
Disclaimer: The article only represents the author's personal opinions.