Demand in the market has slumped after peaking in 2013 for a number of other reasons — some obvious and some not — such as the economy’s shift away from manufacturing, the slower growth in the ranks of migrant workers, faster trains, higher disposable incomes, snack-food competition, and a budding interest in nutrition.
The performance of a front-runner in the industry, Taiwan-based Tingyi (Cayman Islands) Holding Corp., reflects the turn, as it has reported a drop of revenue in its core noodle business since 2014. Tingyi’s revenue was $2.5 billion in the first nine months of 2016, down from $3.2 billion in the same period in 2014.
Schedule for Week of April 21, 2024
-
The key reports scheduled for this week are the advance estimate of Q1 GDP,
March New Home sales and March Personal Income and Outlays.
For manufacturing, ...
No comments:
Post a Comment