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Barkin: Manufacturers Still Looking To Combat Squeezed Margins

FED
  • Barkin (’24 voter) on liaison programmes more useful as timely indicator than data (one month delayed and revised three times). Manufacturing roundtables are saying still inventory rebalancing going on with demand turned up or down depending on it, it's still challenging to attract mfg workers. Hearing stories of people saying I still have margins that are squeezed, I need to go back and get more price.
  • Further reiterating the difficulty in attracting labor: *BARKIN: LABOR DEMAND IN SKILLED TRADES STILL 'CRAZY HOT' - bbg
  • It comes after the Richmond Fed mfg index showed a notable moderation in prices paid but the average growth rate of prices received only edging down slightly.
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