Wk 18 Electronics Supply Chain Digest

Electronics Supply Chain Weekly Digest 5-3-24.


S&P reported US mfg PMI decline in April to 50.0 vs 51.9 signaling an end to the 3-month trend of improvement on renewed decline in orders and slower output growth. ISM April mfg PMI data was even more cautious pointing to renewed decline in activity with PMI of 49.2 vs 50.3 in March.

S&P reported Eurozone mfg PMI dipped in April to 45.7 from 46.1, marking a 4-month low reflecting a sharper decline in orders and export demand vs the prior month offset by a shallower drop in output; forward-looking sentiment, however, improved for a second month to the strongest since Feb 22.

S&P/Caixin China’s private sector mfg PMI expanded to 51.4 in April from 51.1 in March, reaching the fastest pace in 14 months driven by an uptick in new export orders. Caixin added business confidence remained positive in China but eased from March as companies remained cautious about adding employees.  In contrast, China’s official mfg PMI dipped in April to 50.4 from 50.8 in March, reflecting a second consecutive month of growth but a loss of momentum as orders were noted as stable while output expanded to 52.9, the highest since April 2023.








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