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Prior -27It’s a poor report all around with the order book balance above is seen falling to the lowest since December last year. Adding to that, manufacturing output expectations also declined further to its lowest since January. Meanwhile, quarterly orders data also revealed the biggest decline in domestic and export orders since July 2020 with expectations for export orders over the coming year seen at the weakest sine April 2020. This is not a good look whatsoever for the manufacturing sector. Ouch.
This article was written by Justin Low at investinglive.com.
💡 DMK Insight
The latest report shows a bleak outlook with order book balances hitting lows not seen since December, and manufacturing output expectations dropping to January levels. This is a critical moment for traders, especially those in the manufacturing and export sectors. A declining order book balance suggests weakening demand, which could lead to further price corrections in related assets. If you’re trading stocks or ETFs tied to manufacturing, keep an eye on these trends. The ripple effects might also impact commodities like industrial metals, which often follow manufacturing activity. On the flip side, this could present a buying opportunity for contrarian traders if the market overreacts. Watch for key support levels in related assets, and consider how institutions might adjust their positions in response to this data. Immediate attention should be on how these figures influence market sentiment in the coming days, particularly in the context of upcoming economic indicators.
📮 Takeaway
Monitor the manufacturing sector closely; a continued decline could trigger broader market corrections, especially in related stocks and commodities.
