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  JANUARY 7, 2020 — The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $43.1 billion in November, down $3.9 billion from $46.9 billion in October, revised. – Census Bureau The reduction came mainly from China, though the “Trade Deficit”, as defined by just …

A couple of excellent tables illustrating the trajectory of manufacturing PMIs. Digging deeper, the electronics industry, in general, does appear to be fairing better than the overall manufacturing sector, which has been hurt by the auto slowdown and problems at Boeing. Global U.S. China Hat Tip:  Sebastian Sienkiewicz  @Amdalleq  and  Millennial Macro @MillennialMacro