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First signs of a slowdown

Dinesh Mishra

On a half-yearly basis, the collection of orders dropped by 23% compared to the first six months of 2022, for an absolute value of the index standing at 103. With particular reference to the domestic market, the decline we experienced in this first part of 2023 has mainly a reason related to the specific characteristics of the sector.

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EVs account for one in four new car registrations in flat February market

SMMT

Slowdowns recorded by both fleet and private buyers against backdrop of weak economic confidence. This dramatic increase compared with the rest of the market was unsurprising considering the forthcoming tax changes in April, which will see many EV models subject to the vehicle excise duty expensive car supplement (ECS) for the first time.

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Car output slips in October as UK and EU markets stall

SMMT

to 511,221 units, equivalent to 89,095 fewer cars being shipped overseas in the first ten months. The news follows a series of announcements by manufacturers and suppliers, in the UK and Europe, reflecting challenging market conditions and a slowdown in the transition to electrification. UK car manufacturing output fell -15.3%

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2023 robot orders down 30% from 2022 in North America, according to A3

Robotics Business Review

The organization said it expects the slowdown, particularly in automotive manufacturing, to continue until the second half of 2024. We’ve seen a slowdown in the manufacturing of electronic vehicles this year, along with fewer new distribution centers, both likely reducing the demand for robots,” he added.

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Australian manufacturing PMI enters contraction territory in March

AU Manufacturing

Australia’s manufacturing sector saw a mild decline in March, due to lower market demand that reduced output and inventory levels, marking the first PMI contraction since May 2020. The slowdown is gradual and consistent with a soft landing for the broader economy.” in March, down from February’s 50.5, easing past the 50.0

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Demand drags down manufacturing in November: Australian PMI

Manufacturer's Monthly

This is the first month of contraction following three months of flat conditions. Innes Willox, chief executive of Ai Group the national employer association said, “There are now signs of a slowdown in Australian manufacturing. points to 44.7 in November, indicating deteriorating conditions. Download full report here.

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Australian Manufacturing PMI in April reaches 35-month low amid weak demand

AU Manufacturing

The post Australian Manufacturing PMI in April reaches 35-month low amid weak demand appeared first on Australian Manufacturing. Weak demand in the Australian manufacturing sector has driven the country’s Purchasing Managers Index (PMI) to a 35-month low, according to the latest data from Judo Bank. in April, down from 49.1