The combination of rising costs and waning consumer confidence is pushing demand downwards. U.S. supply chain operators must now hope domestic consumers keep spending.

  • Global trade activity suffered its third consecutive quarterly loss, with transaction volume growth tracking at five points below the expected range
  • Global buying activity fell by another seven points against the expected range in Q3 as the decline in ordering volumes cranked up another notch.
  • Manufacturing activity dropped to eleven points below the expected range. Retail supply chain activity dropped nine points below the baseline in Q3, the slowest growth in 18 months.
  • U.S. trade activity is slowing at a gentler rate than elsewhere in the world. Total transaction volumes tracked at just 2 points below the expected level in Q3.