Cooling commodity demand threatens to turn pandemic boom into bust

Factories around the world are reporting weakening demand for their products, a sign that the boom in consumer goods that sparked the post-pandemic economic recovery could turn into a slump as soaring prices and interest rates erode the purchasing power.

Manufacturer surveys released on Friday told a similar story whether the factory is in South Korea, Italy or the United States: production is declining or increasing at a slower pace, driven by falling new orders, and in particular those of foreign buyers.


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