Oxford’s Monthly Industry Briefings for February have been released and are available on the website. These reports contain the latest developments for eleven major industries around the globe with short industry briefs provided by Oxford Economics. These two-to-three-page briefs include a short-written summary, output/trend graphs, and an output table.
Excerpts from the reports are highlighted below:
Chemicals:
- The US chemicals and pharma sector contracted in April, with output falling by approximately 0.7% m/m. Basic chemicals fared slightly better, falling by around 0.2% m/m.
Construction:
- US housing starts rose 1.7% on the month in April working to recover a 10.1% drop in March. Multi0family units increased 10.7% m/m, however single-family units fell 2.1% m/m.
Electronics and Computers:
- US electronics production growth slowed in April but remained healthy. It ticked up by 0.4% m/m 3mma in April, down from 1% in March. Growth might be slowing down but is still positive, with the April production level highest in the recorded history.
Engineering and Metal Goods:
- US data for April shows continued growth in the engineering and metal goods sectors, with output rising by an average of 0.6% across the three major segments: mechanical engineering, electrical engineering, and metal products.
These reports and more are available to all NFPA members on the member hub. Questions? Contact Cecilia Bart at cbart@nfpa.com or 414-259-2027.
