The January ISM Manufacturing Survey PMI was pummeled with an astounding -5.2 percentage point drop in a month. PMI is barely breathing any growth now, down to 51.3%. New orders simply imploded with a -13.2 percentage point decline. This is the largest monthly decline in the history of the ISM manufacturing survey for new orders by our calculations. Many are blaming the unusually bad weather and freezing cold.
Joh. A. Benckiser SE (JAB) is a German holding company owned by 4 German billionaires—the heirs to a 189-year- old chemicals empire that their father helped transform into one of the largest consumer-goods companies in the world.
Recent comments