Released: 22 October 2018
Sales Managers Report the Rise of Chinese Stagflation in October
- Sales Price Index rises to highest level in over 5 years
- Job growth turns negative
- Sales Growth Index falls again suggesting tepid growth
The ugly head of the often thought vanquished monster ‘Stagflation’ appears to be rising in China. For younger readers unfamiliar with the term, it is a conflation of economic stagnation and simultaneous price inflation, once thought impossible by some economists but prevalent in the 1970’s in the U.K. and elsewhere.
The Sales Managers Index panelists have explained that their companies have been worrying about declining sales growth in recent months and are now in many cases taking precautionary action by cutting capital expenditure, stock inventories, hiring levels and other forms of first stage economies.
The bright spots continue to be focused in the Services sectors (see separate report).
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