Wk 23 Electronics Supply Chain Digest

Electronics Supply Chain Weekly Digest 6-7-24.

DATAPOINT OF THE WEEK: US May mfg PMI data is mixed with S&P data indicating an expansion at 51.3 vs 50.0 in April and ISM PMI data pointing to a downtick and continued contraction with PMI of 48.7 vs 49.2 in April. ISM notes new orders and output both worsened M/M while the Employment index improved.

S&P reported Eurozone May mfg PMI of 47.3 vs 45.7 in April reflecting expansion in peripheral eurozone countries coupled with contraction slowdown in core France and Germany. Overall output in the Eurozone nearly stabilized in May but new orders and purchasing activity continued to decline. Positively, expectations for the next 12 months showed a strong level of optimism in Europe, according to S&P.

China government’s official mfg PMI unexpectedly dipped to 49.5 in May from 50.4 in April driven by a renewed contraction in new domestic and export orders. Private-based Caixin China PMI showed May mfg activity expanded to 51.7 vs 51.4 in April reflecting the strongest expansion in more than 23 months on increased production and new orders.







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