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Manufacturing may be on the mend. Signs of stabilization are appearing in many major manufacturing sectors throughout the world. This is very welcome news as manufacturing has taken the brunt of the trade war‘s negative impact. For example, PMI data from both the Eurozone and China have stabilized recently and beat expectations in November. Despite the recent improvement, global manufacturing will likely remain at the mercy of trade negotiations. A Phase 1 trade deal between the U.S. and China would help alleviate some of the weakness.
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