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Pantheon with the note. DM destocking has barely started. This will get much worse.
A Cold Autumn, and Colder Winter, Looms for Global Exporters
The evidence from east Asia points to a further slowing of global demand in August, and heading into September. Manufacturing PMIs for China, Japan, and Korea, and export data from the latter, all
suggest external demand weakened in August, with no immediate signs of a reprieve.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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