Wk 4 Electronics Supply Chain Digest

Electronics Supply Chain Weekly Digest 1-24-25.

DATAPOINTS OF THE WEEK: New car registrations in Europe upticked in Dec but sales for the year disappointed, finishing almost flat at 13M units, which is 17% below the average pre-COVID level from 2016 to 2019, according to ACEA data.

Dec registrations increased 4% Y/Y, improving slightly compared to the declines over the last 4 months, though M/M the uptick was below seasonal. BEV sales were flat y/y in Dec and for the year with declines in France, Germany, and Italy offset by growth in Spain and the UK.

PHEV sales grew 3% y/y in Dec, but declined 4% for the year, while HEV sales finished the year strengthening resulting in 20% growth in 2024. ICE sales declined 11% in Dec and 8% for 2024 and exited the year at a record-low 39% penetration. 

S&P reported Jan US flash mfg PMI improved to a 7-month high of 50.1 vs 49.4 in Dec with output subindex improving to 50.2 in Jan vs 47.7 in Dec and orders returning to, albeit modest, growth for the first time in seven months. S&P added optimism about the upcoming year surged in Jan to the highest since March 2022 on expectations for looser regulation, lower taxes, and heightened protectionism.

In Europe, manufacturing activity also appears to have improved to an 8-month high in Jan though it remained in a downtrend with a flash PMI of 46.1 vs 45.1 in Dec. Orders and output were noted as continuing to contract, albeit at the smallest pace since August 2024 while business outlook was noted as stable to start 2025 with companies remaining optimistic that output will increase over the coming year.

Headlines:

Auto/Transportation

Datacenter

Industrial

Semiconductors

Consumer/Other

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