March 2023
Below you will find a link for GCP’s March 2023 Trade Report, which provides on-going background and context around the many trade and cost pressures we are facing together.
Take a look at the notes below to get a sneak peek into the report:
- The NY Fed has reported that global supply chains are back to normal after three rocky years.
- February saw a decline in import levels, but import cargo volume is expected to increase in the coming months.
- Transportation prices fell at the fastest rate in six-and-a-half years in February.
- The U.S. is not plunging into a recession, but the latest CEO survey suggests slow growth and wariness around hiring, sales, and capital spending.
- U.S. industrial production was flat in February, but the manufacturing sector saw a small gain.
- The expiration of the Generalized System of Preferences has led some businesses to move back to China.
- The March forecast from the Conference Board projects economic weakness will intensify in the U.S. due to persistent inflation and the Fed’s hawkishness.
- To prepare for a possible recession, businesses should consider three crucial factors.
For a deeper look into all these topics and more open the full report in the link below.
This months report is 2681 words, 9 minute read.
