Year to date ocean and air trade from the EU is up slightly compared to last year. However, latest European Union industrial indicators provide little evidence of an imminent recovery of industrial activity. As such it is unlikely that we will see any substantial further pick up in air and ocean import and export activity. This article takes a look at latest industrial indicators for the European Union including manufacturing capacity utilisation, orderbook, inventories, production trend and expectations and factors limited further output. The analysis includes an interactive dashboard with country level data.
Posts tagged as “EU”
Global semiconductor sales dropped about 8% in 2023 but are expected to recover in 2024. As integrated circuits are found in most key products, this underlines the likelihood of a recovery of world trade in 2024. However, trade flows are likely to change over the coming years as China, the US and Europe build up own capacity and support the development of new fabs in South and Southeast Asia. Machinery trade indicates an emerging shift away from Taiwan and Korea based production of integrated chip production.