Cardboard Box Shipments Bounce Back, Signaling Possible End to Recession
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The "cardboard box indicator" tracks cardboard box shipments to gauge manufacturing and economic health. Box shipments fell over 10% in 2022 indicating recession.
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Box shipments have recovered in 2023, signaling the "cardboard box recession" is ending according to analyst Jeffrey Kleintop.
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The stock market rose in 2022 despite weak manufacturing numbers, lifted by big tech "Magnificent Seven" stocks.
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Investors should watch for market leadership shifting back to manufacturing and industrial stocks as the economy recovers.
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Other manufacturing-based economies like Germany and Japan are seeing signs of outperformance, supporting the indicator's suggestion of economic recovery.