Softer data, harder RBA
NAB Morning Call
00:00
Supply Disruption in the US
In the us, manufacturing is holding up fairly well. You would have thought that if it wasall supply chain driven, then manufacturing, wood, you know, would be falling. And services, arguably. I mean, obviously you do need external supplies for service industries, but less so it's more man power. So that means people ustarn availableto work, doesn't it? Thati man that's pointing at labor problems more than supply problems,. It is, it is a combination of things. But certainly erit points to the view that we need to be cautious because, ah, it isn't clear yet.
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