Conflicting signals from manufacturing and services confidence indicators

ING | April 03, 2019

Conflicting signals from manufacturing and services confidence indicators
On the manufacturing front, the situation is still negative, likely reflecting the lingering problems related to the unresolved trade dispute between the US, China, and Europe, to which the car manufacturing Italian supply chain is clearly exposed. In March both the manufacturing business confidence and the relevant PMI continued contracting, driven by a deterioration in order books. Both indicators reported an improvement in the consumer goods component and a softening in the intermediate and investment goods components. According to the PMI report, softer manufacturing activity was accompanied by a marginal decline in employment; this might possibly suggest that businesses have not yet drawn their conclusion on whether the current soft patch is here to stay or not.

Spotlight

This infographic is sourced from The Business Research Company`s Passenger Car global market report. The report provides an overview of the historic, current and forecast global passenger car market, and provides information on the market characteristics, trends, driver & restraints, regional analysis, competitive landscape, and key mergers and acquisitions in the market.

Spotlight

This infographic is sourced from The Business Research Company`s Passenger Car global market report. The report provides an overview of the historic, current and forecast global passenger car market, and provides information on the market characteristics, trends, driver & restraints, regional analysis, competitive landscape, and key mergers and acquisitions in the market.

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