Core Viewpoint - Despite manufacturers increasing production in December, contributing to strong economic growth in Q4, the outlook for early 2026 appears less optimistic due to a significant gap between production growth and declining orders, the largest since the 2008-2009 financial crisis [1] Group 1: Production and Economic Growth - Manufacturers' production levels are currently unsustainable unless demand improves, which raises concerns about potential job losses if production capacity needs to be reduced [1] - The increase in production indicates that the goods-producing sector will contribute positively to economic growth in the fourth quarter [1] Group 2: Cost and Pricing Concerns - A key factor raising concerns about sales is the extent to which manufacturers will pass on higher costs to consumers, primarily attributed to tariffs [1] - Input cost inflation slowed in December to its lowest level since January of the previous year, providing some encouragement [1] - Despite the positive trend in cost inflation, costs continue to rise at a higher rate month-over-month compared to most other major economies, indicating that U.S. businesses face greater cost growth [1]
分析师：虽然制造商在12月继续提高产量 但美国年初前景不那么乐观
Xin Lang Cai Jing·2026-01-02 15:24