Wk 01 Electronics Supply Chain Digest

Electronics Supply Chain Weekly Digest 1-5-23

DATAPOINT OF THE WEEK: S&P reported December Eurozone mfg PMI of 44.4 vs 44.2 in November marking an 18th consecutive month of contraction.

The data reflects a continued decline in new orders and output as well as employment. China’s government official mfg PMI fell to 49.0 in December from 49.4 in November, marking a third straight month of contraction. In contrast, the private Caixin China PMI rose to 50.8 in Dec (Nov: 50.7), to the strongest level since August, reflecting increases in output and new orders but a decline in Employment.

In the US, S&P reported Dec mfg activity declined sharply with PMI of 47.9 vs 49.4 in November, reflecting an accelerating decline in output, new orders, and employment. ISM reported Dec PMI of 47.4 vs 46.7 in Nov reflecting a worsening decline in new orders, offset by an uptick in output and a slower pace of employment decline. In Japan, Dec mfg PMI slipped to 47.9 from 48.3 in November, to the lowest level in 10 months, reflecting lower export and domestic demand with acute weakness noted in the electronics sector per S&P.






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