Manufacturing output increased by a modest 0.4% m/m in April but was held back by a 4.3% m/m drop back in motor vehicle production, as the global shortage of semiconductors really began to bite. Imports and domestic production of semiconductors both hit a record high last month, which suggests that particular shortage may become less acute in the coming months. Unfortunately, the shortages now extend well beyond just semiconductors, and include raw materials, other intermediate inputs and, based on the very elevated job openings rate for manufacturing, labour too. The upshot is that we expect…

Read the publication Industrial Production (Apr.) on the Capital Economics Website.

For more info about this post:

View Source


Get notified when there is a new post. Read new post to earn 10 points!

1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)

Rate an article for points!

Leave a Reply

Your email address will not be published. Required fields are marked *