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LS1!: Is Lumber Signalling Bad News for US Manufacturing?
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Is Lumber Signalling Bad News for US Manufacturing?

Lumber is highly correlated to the ISM manufacturing index (or vice versa?). Nevertheless, the weakness in lumber prices is corresponding with the softening manufacturing data, although manufacturing data from Markit suggest manufacturing is weaker than ISM reports. New orders index collapsed from Nov/Dec 66 to 57. Prices have noticeably declined, too. Anyways, ...

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