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American Manufacturing Explodes To The Upside, While China Wants ‘Flexibility’ On Trade Deal

American Manufacturing Explodes To The Upside, While China Wants 'Flexibility' On Trade Deal
Lexington Motor Company, Eighteenth Street & Columbia Avenue, Connersville, Fayette County, IN

American manufacturing exploded higher in economic data released today for January. In other news, China is looking for ‘flexibility’ on the trade deal recently signed due to the coronavirus. Which begs the questions, there are reports the virus was intentionally released. Could this be the reason? To get out of the tough trade deal Trump negotiated? We know China doesn’t give a damn about their people. It’s something to ponder.

Chinese officials “are hoping the U.S. will agree to some flexibility on pledges in their phase-one trade deal” as Beijing tries to contain the fallout from the health crisis that has infected over 17,500 and killed over 360, reported Zero Hedge.

The Phase 1 trade deal which was signed on Jan. 15 – just one day before China finally started reporting virus data – and is supposed to take effect in mid-February, has a clause that states the U.S. and China will consult “in the event that a natural disaster or other unforeseeable event” delays either from complying with the agreement. It’s unclear whether China has formally requested such a consultation yet, but according to Bloomberg sources the plan “is to ask for it at some point.”

Market Manufacturing PMI (Jan) printed at 50.6 vs 49.6 consensus estimate.

ISM Manufacturing Employment Index (Jan) printed at estimate of 46.6.

ISM Manufacturing PMI (Jan) printed at 50.9 v 48.5 estimate.

ISM Manufacturing Prices Paid (Jan) printed at 53.3 vs 51.0 estimate.

ISM Manufacturing New Orders Index (Jan) printed at 52 vs 50.8 estimate.

Construction Spending (MoM) (Dec) decreased to -0.2 vs 0.5 estimate.

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3 comments

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lam February 4, 2020 at 5:20 am

Your comment section doesn’t save info to post the next time , have to add email each time … fix it , idiots !

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MuneShadowe February 4, 2020 at 11:45 am

Does flexibility include undermining the United States and its laws again? Screw them.

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Factory Orders Beat Showing Continued Manufacturing Rebound In December, US Markets Move Higher As China Crumbles February 4, 2020 at 10:27 pm

[…] American Manufacturing Explodes To The Upside, While China Wants ‘Flexibility’ On Trade Deal […]

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