but they are related.
As this article reports, we still don’t have enough of either.
From the article: “A rebound anytime soon is unlikely as manufacturers in the ISM survey mostly described inventories as bloated.
“This implies the goods sector overestimated demand and production could slow further in the next few months, though that too could reflect lingering strike effects if auto parts piled up when production was idled,” said Will Compernolle, macro strategist at FHN Financial in New York.”