One positive effect from a modest cooling is it could “mitigate some risks of overheating,” according to Ruskin. Some manufacturers have warned that they are running into capacity constraints, forcing them to raise prices.
“There is still scant evidence that we’re at a turning point in synchronized growth,” said Christian Keller, global head of economics research at Barclays Plc. “We think there has been a soft patch.”
This article was provided by Bloomberg News.