Wk 21 Electronics Supply Chain Digest

Electronics Supply Chain Weekly Digest 5-24-24.

DATAPOINT OF THE WEEK: S&P reported Eurozone May mfg flash PMI of 48.9 vs  45.4 in April, reflecting a near stabilization with a marginal decline in new orders and output.

May flash PMI also improved in Germany to 45.4 from 42.5 in April with business expectations for activity in the year ahead also improving considerably. 

In the US, S&P reported May flash mfg PMI expanded to 50.9 from 50.0 signaling a renewed expansion in activity driven by an increase in output, partially offset by a marginal decline in orders. In Japan flash mfg PMI edged higher to 50.5 in May from 49.6 in April, signaling a return to expansion after several months of contraction.

New auto sales in Europe picked up pace increasing 12% Y/Y in April, the strongest pace since Oct-23 led by +20% increases in Spain and Germany.  BEV sales increased 14% Y/Y   to 144K in April, though the level was the 3rd lowest in the past 11 months. BEV penetration dipped M/M to 13.4% and it was largely in line with last year’s 13.1%. PHEV and HEV sales increased 5.9% and 29% respectively. ICE sales grew 4% and penetration increased 2 points M/M to 49%, representing the 3rd highest in the last 6 months.








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