Global Car Production
World (Ex-China)
25th September 2024, the Manufacturing sector has witnessed some level of slowdown but being the big industry within it, the Automotive sector has seen some reversal. As the EV segment continues to witness negative growth, the ICE segment remains stable. The latest month's growth is similar to March 2024 and can contribute to festival season demand along with quarter seasonality. It is important to monitor the data for the next few months to know whether this production rate is stable in the near term.
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VDA , Marksline,USA gov. ,Target Investing
Truck Demand & Capacity
USA, North America
18th September 2024, As the festival season stock-up period approaches the demand for trucks peaks out compared to capacity. The peak in June 2024 is similar to the peak in January 2024 but compared to last year it is a 58% increase. This can be attributed to companies' prepone stocking-up activities as Red Sea issues continue with uncertainty relating to tariffs ahead. If true then the activity hereon might reduce with an accelerated speed.
DAT Analysis ,Target Investing
Loan Growth
China, Asia
11th September 2024, is the 15th consecutive month of falling loan growth for the Chinese economy. This follows a sharp fall in real estate sales combined with lower consumer spending, especially in the growing Electric Vehicle sector. There is also an impact of the same in commodity imports as copper, crude and other basic commodities witness a decline. Next quarter is crucial to decide the full effect of the slowdown.
