Best since October 2022Prior was 47.4Details:Prices paid 52.9 vs 45.2 priorEmployment 47.1 vs 48.1 priorNew orders 52.5 vs 47.1 priorInventories 46.2 vs 44.3 priorProduction 50.4 vs 50.3 priorThe prices paid is a worry but note that it fell sharply the month before. Manufacturing has been in a recession for some time but looks to be coming out of it.Comments in the report:“The start of 2024 looks good. Sales are above expectations, and costs are mostly stable. A few commodities are up in cost due to supply shortages. Many previously short commodities market positions have corrected themselves. There is a real short-term increase in the cost of international freight.” [Chemical Pro
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