The housing market slowdown is showing up in shipping data from China - CNBC
6/27/2022 12:00:00 AM2 years 10 months ago
by Lori Ann LaRocco
by Lori Ann LaRocco
Importers cut back on lumber, home appliances, and furniture orders from China as the impact of higher mortgage rates shows up in the supply chain.
Spending cutbacks by the consumer already led to a decrease in Chinese manufacturing orders by U.S. importers of 20-30%, as recently reported by CNBC, and more recent data from U.S. shippers shows th… [+5904 chars]
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