# Hard-ish landing has already arrived for U.S. manufacturers

> Consumption of diesel and other distillate fuels has fallen since Q2 2022 as manufacturing and freight activity slow. Domestic distillate supplied was down 4.4% in the three months from November to January versus a year earlier.

- Date: 2023-04-04 · published 2023-04-04T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/36588-hard-ish-landing-has-already-arrived-for-u-s-manufacturers
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Sustained distillate demand destruction points to a weaker industrial economy, pressuring fuel prices and reducing freight demand relevant to feed logistics.

## Read by commodity

- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2022-12-01 | [U.S. diesel use slows as manufacturing, freight falter: Kemp \| Reuters](https://feedsoft.ai/events/38427-u-s-diesel-use-slows-as-manufacturing-freight-falter-kemp-reuters.md) | -17.4% | -1.6% |
| DIESEL | 2023-01-06 | [U.S. manufacturing downturn will cut diesel consumption](https://feedsoft.ai/events/37969-u-s-manufacturing-downturn-will-cut-diesel-consumption.md) | +7.9% | -7.2% |
| DIESEL | 2019-06-05 | [The Fed is ready to cut rates as needed - Mansfield Energy](https://feedsoft.ai/events/10751-the-fed-is-ready-to-cut-rates-as-needed-mansfield-energy.md) | -0.2% | +3.7% |
| DIESEL | 2023-04-25 | [Sliding Diesel Prices Signal Warning for U.S. Economy](https://feedsoft.ai/events/36578-sliding-diesel-prices-signal-warning-for-u-s-economy.md) | -5.7% | -6.2% |
| DIESEL | 2023-06-06 | [U.S. diesel demand is falling despite economic growth](https://feedsoft.ai/events/35684-u-s-diesel-demand-is-falling-despite-economic-growth.md) | -2.5% | +5.3% |

## Sources

- reuters.com: https://www.reuters.com/markets/us/hard-ish-landing-has-already-arrived-us-manufacturers-2023-04-04/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.