About this work
An inventory correction offered an alternative explanation for weak global manufacturing in late 2019. Jonathan Fortun and Robin Brooks argue that excess stocks, rather than trade tensions disrupting supply chains, accounted for much of the slowdown. By December, an improving leading indicator suggested that the inventory adjustment might be nearing its end.
Abstract
An inventory correction offered an alternative explanation for weak global manufacturing in late 2019. Jonathan Fortun and Robin Brooks argue that excess stocks, rather than trade tensions disrupting supply chains, accounted for much of the slowdown. By December, an improving leading indicator suggested that the inventory adjustment might be nearing its end.
Cite this work
Jonathan Fortun, Robin Brooks (2019). GMV: The Inventory Correction in Global Manufacturing. Institute of International Finance.