Wk 05 Electronics Supply Chain Digest

Electronics Supply Chain Weekly Digest 2-2-24

DATAPOINT OF THE WEEK: S&P reported January Eurozone mfg. PMI of 46.6 vs 44.4 in December, reflecting a slower rate of deterioration compared to recent months with an easing decline in output and new orders, though Red Sea disruptions lengthened lead times.

Germany PMI showed a similar improvement to 45.5 in Jan from 43.3 in December, marking an 11-month high. In the US, S&P January PMI jumped to 50.7 vs 47.9 and ISM PMI jumped to 49.1 from 47.1 in December, reflecting an upturn in new orders and a slower contraction in output.

Employment in the US also rose for the first time in three months according to S&P’s survey. China government official PMI rose to 49.2 from 49.0 in December driven by an uptick in output which appears to be partially offset by continued decline in orders. In contrast, China’s private Caixin PMI was unchanged M/M in January at 50.8 signaling stable output and the first rise in new export orders since June, which has lifted business confidence to a nine-month high.







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