Raising supply chain issues in the car sector

Limited moves on financial markets, as US markets were closed yesterday and the release of the Fed minutes, tomorrow, should be the main event this week. The German ZEW survey, the euro area retail sales and the purchasing manager indices in services in the US will be the main economic reports today.  

The unexpected fall in German factory orders in May confirms raising supply chain issues in the automotive sector. The fall was triggered by foreign orders (-6.7%) and capital goods (-4.6%), which actually reflected lower export orders for the German automotive sector. In May, the French industrial output fell as well due to the 5th contraction in a row of the car output. In the US, car sales were down in June, despite a robust demand. Disruption in the global production and distribution chains could both weaken the activity recovery and reinforce inflationary pressures.  

Share this news :

You might also read :

April 14, 2022

Easing monetary policy in sight in China

The release of the US CPI figures showed a further acceleration in the inflation rate in March 2022 at 8.5% yoy, which was the largest year-on-year…
July 15, 2021

US inflation remains high

US inflation grew by 5.3% y/y in June according to the BLS on Tuesday. If we remove the volatile effect of gas prices and food…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet?