Uncategorized – Page 24 – Custer Contexo Group

China’s Manufacturing PMI Falls To 35.7 From 50.0, Services To 29.6

February 29, 2020 by Jonathan Custer

Those are some ugly numbers and the lowest on record. Not totally unexpected though much worse than anticipated. The February print came in much lower than the median forecast of 43 by economists surveyed by the Wall Street Journal. China’s official manufacturing PMI dropped to 38.8 in November 2008 at the start of the global …

Tracking China’s Recovery With Alternative Data

February 28, 2020 by Jonathan Custer

Using YoY percentages to gauge economic activity, the Feb 26 median of intracity travel among China's 50 largest cities was down 33% from 2019, and down 43% from 2020 pre-LNY. pic.twitter.com/A9T7ZdOA3i — Exante Data (@ExanteData) February 27, 2020 Alternative data is increasingly being used as a way to get an edge on financial and commodity …

Electronics Manufacturers Face Delays In Product Shipments

February 26, 2020 by Jonathan Custer

The IPC is reporting that electronic manufacturers could face up to five-week delays in product shipments due to the supply chain shock caused by the coronavirus. Shipping delays from China and other countries are already having a negative impact. The IPC said 65% of manufacturers report their suppliers expect an average of a three-week delay. …