Key Indicator
United States: PPI: NSA
United States: University of Michigan Consumer Confidence Index (CCI): Preliminary: Anomaly
United States: ISM Manufacturing PMI - Final (SA)
United States: CPI (NSA)
COMEX Inventory: Silver
S&P 500 Index
Global: GDP Gowth Rate - United States
Global Foundries' Revenue
DRAM Makers' Fab Capacity Breakdown by Brand
NAND Flash Makers' Capex: Forecast
IC Design Revenue
Server Shipment
Top 10 MLCC Suppliers' Capex: Forecast
LCD Panel Makers' Revenue
AMOLED Capacity Input Area by Vendor: Forecast
Smartphone Panel Shipments by Supplier
Notebook Panel Shipments (LCD only): Forecast
Smartphone Panel Shipments by Sizes: Total
Notebook Panel Shipments (LCD only)
PV Supply Chain Module Capacity: Forecast
PV Supply Chain Cell Capacity: Forecast
PV Supply Chain Polysilicon Capacity
PV Supply Chain Wafer Capacity
Global PV Demand: Forecast
Smartphone Production Volume
Notebook Shipments by Brand
Smartphone Production Volume: Forecast
Wearable Shipment
TV Shipments (incl. LCD/OLED/QLED): Total
China Smartphone Production Volume
ITU Mobile Phone Users -- Global
ITU Internet Penetration Rate -- Global
ITU Mobile Phone Users -- Developed Countries
Electric Vehicles (EVs) Sales: Forecast
Global Automotive Sales
AR/VR Device Shipment: Forecast
China: Power Battery: Battery Output Power: Lithium Iron Phosphate Battery: Month to Date
CADA China Vehicle Inventory Alert Index (VIA)
Micro/Mini LED (Self-Emitting Display) Market Revenue
Micro/Mini LED (Self-Emitting Display) Market Revenue: Forecast
LED Chip Revenue (Chip Foundry+ In House Used): Forecast
GaN LED Accumulated MOCVD Installation Volume
Video Wall-Display LED Market Revenue: Forecast
Consumer & Others LED Market Revenue
2025-12-04
US November ISM Services PMI came in at 52.6, a slight increase from October’s 52.4 and higher than 52.1 in the same period last year. This marks the fifth consecutive month in expansion territory. The data indicates the services sector is still maintaining growth momentum, though the overall pace remains moderate without signs of clear acceleration. Sub-indexes showed mixed performance: The Supplier Deliveries Index rose to 54.1 (previous: 50.8), reflecting slower delivery times, partly due to the government shutdown and tariff adjustments. The Prices Index fell from 70 to 65.4, indicating a modest easing in inflationary pressures. The Employment Index increased to 48.9 (previous: 48.2). Although still in contraction, it reached the highest level since May 2025, suggesting improving labor conditions. The New Orders Index came in at 52.9, down 3.3 points from October’s 56.2, signaling slower growth after consecutive months of expansion. External factors such as trade tariffs, policy uncertainty, and transportation disruptions continue to add volatility to supply chains. Overall, the November ISM Services PMI remained in expansion, indicating short-term resilience in the US services sector. Growth is expected to stay moderate over the next one to two months, supported by holiday demand, though changes in government policy and tariffs remain key uncertainties. In the mid-term, the services industry may benefit from economic recovery and improving consumption, but global supply chain and geopolitical risks could continue to pose challenges. Read More at Datatrack
2025-12-03
The United States recently confirmed it will lower tariffs on South Korean imports from 25 percent to 15 percent, retroactive to November 1, 2025. This move significantly reduces the burden on major Korean export items such as automobiles and aircraft components. Overall industry costs are expected to decline by about 10 percent compared with the previous month, while easing the market uncertainty caused by the earlier high tariffs. Automakers like Hyundai and Kia are expected to benefit the most, potentially saving billions of dollars in tariff payments starting in November and setting a new record low tariff level since the bilateral trade agreement took effect. On South Korea’s side, the National Assembly passed a bill on November 26 to fulfill its 350 billion dollar strategic investment commitment to the United States, meeting the requirements outlined in the U.S. memorandum and prompting the U.S. Department of Commerce to finalize the tariff reduction. This investment framework originated from the summit between South Korean President Lee Jae Myung and U.S. President Trump on October 29, where the two sides reached an “investment-for-tariffs” agreement, including 200 billion dollars in cash investments and a 150 billion dollar shipbuilding cooperation project. The Trump administration is promoting this approach to strengthen U.S. industrial interests, while South Korea is moving quickly through legislation to prevent its electronics and automotive sectors from continuing to face a 25 percent tariff burden. In the short term, the tariff reduction is expected to support growth in Korean exports to the U.S., with automobile sales in the first quarter of 2026 projected to rise more than 5 percent year over year, helping revive the supply chain. In the midterm, the U.S.–Korea trade framework may expand to more product categories. South Korea will need to continue meeting its investment commitments to maintain the reciprocal 15 percent tariff rate, the same level granted to Japan and the European Union, and reduce risks in future negotiations. While the overall market outlook is generally positive, global trade conditions remain uncertain under Trump’s policies. South Korean companies will need to strengthen domestic production strategies to better withstand volatility.
2025-12-01
China’s National Bureau of Statistics reported that the Manufacturing Purchasing Managers’ Index (PMI) reached 49.2 percent in November 2025, rising 0.2 percentage points from October but remaining below the 50 expansion threshold for the eighth consecutive month, marking the longest contraction streak since the early COVID outbreak in 2020. Meanwhile, the Ratingdog China Manufacturing PMI climbed to 51.5 percent, up 1.2 percentage points from October and the highest level since July, surpassing market expectations of 50.6 percent. This indicates a faster recovery in activity among small and medium-sized enterprises (SMEs). Overall, the official data show persistent pressure on large enterprises, while the Ratingdog index suggests more visible improvement among SMEs. Economic momentum remains weak, though policy effects have begun to surface. Production-related PMI sub-indices: The production index stood at 50.0%, up 0.3 percentage points from the previous month, ending its consecutive period of contraction; the new orders index was 49.2%, rising 0.4 percentage points month on month but still in contraction territory. The PMI for large enterprises was 49.3%, down 0.6 percentage points from the previous month; medium-sized enterprises recorded 48.9%, up 0.2 percentage points; small enterprises came in at 49.1%, rising 2.0 percentage points. The high-tech manufacturing PMI remained at 50.1%, staying above the expansion-contraction threshold for ten consecutive months; the production and business activity expectations index rose to 53.1%, up 0.3 percentage points from the previous month. Overall, the movements in the sub-indices were mainly driven by the continued effects of existing policies and the introduction of additional supportive measures. Real estate sector adjustments weighed on large enterprises, US tariff uncertainties suppressed export orders, and weak domestic demand combined with the seasonal consumption lull added pressure. In contrast, Ratingdog data show that SMEs benefited from fiscal support, with improving new export orders helping to fuel expansion. China’s manufacturing sector in November displayed a diverging pattern: official data continued to show contraction, while the Ratingdog index pointed to a recovery led by SMEs. In the short term (1 to 2 months), the PMI is expected to fluctuate between 49.5 and 51.0, with year-end stimulus measures and the export off-season keeping large enterprises under strain, though SME expansion may continue. In the medium term (within six months), if additional policy measures are implemented more rapidly and US-China trade tensions ease, the manufacturing sector could return to expansion. However, the sluggish property market and slowing global demand remain key risks, and attention will be needed to see whether December data signal a turning point. Read More at Datatrack
2025-11-28
In November 2025, the University of Michigan's final consumer sentiment index was revised up to 51, slightly above the preliminary reading of 50.3, yet still marking the second-lowest level on record, close to the lowest point in June 2022. Compared with October's 53.6, sentiment has declined noticeably, reflecting consumers’ cautious outlook amid persistently high prices and slowing income growth. Detailed data show that the current conditions index fell sharply by 12.8% to 51.1, reaching the lowest level in the survey’s history, mainly due to deteriorating assessments of personal financial situations and conditions for purchasing durable goods. Meanwhile, the consumer expectations index rose slightly by 1.4% to 51. Key factors include: Persistent high price pressures. Slower income growth, increasing household financial strain. Inflation expectations continue to decline, estimated at around 4.5% over the next year, falling for three consecutive months but still above the Fed’s target. Recent market volatility affecting investment confidence, thereby influencing consumer sentiment. Overall, consumer sentiment indicates that post-pandemic economic recovery remains uneven. In the short term (1–2 months), the market may continue to fluctuate, as confidence takes time to recover and employment concerns persist. In the medium term (within six months), if inflation continues to ease and the labor market stabilizes, consumer expectations may improve, but high living costs and income pressures will remain key points to watch. Read More at Datatrack
2025-11-27
The Federal Reserve’s November 2025 Beige Book indicates that overall economic activity showed little change compared with the previous report, though some districts experienced slight declines. Consumer spending continued to weaken, particularly in the first half of November, as automobile sales dropped noticeably following the expiration of federal tax credits. The labor market softened as firms largely implemented hiring freezes or only replaced departing employees, leading to further slowing in employment growth. On the price front, input costs generally increased, and overall prices rose moderately due to higher tariffs as well as rising insurance, utility, and healthcare expenses. The slowdown in consumer spending and employment was driven by several factors. The government’s earlier prolonged shutdown heightened market uncertainty and reduced consumers’ willingness to spend. Advances in artificial intelligence replaced certain entry-level positions, boosting business efficiency but reducing the need for new hires. Toward the end of the year, rising cost pressures, particularly tariff-related increases in input costs that fed into final prices, made consumers more price-sensitive and restrained spending. Additionally, performance in the financial and real estate sectors was mixed, with notable regional differences in construction activity and office real-estate markets. In the short term, the Beige Book suggests rising risks of further economic slowdown, and businesses generally maintain a cautious outlook. The Federal Reserve may lean toward easing policies in response to cooling consumption and a weakening labor market. In the medium term, cost pressures remain, and differing corporate attitudes toward price pass-through may keep inflation trends volatile. Policymakers will closely monitor upcoming official data releases, particularly employment and inflation indicators, to guide monetary policy adjustments. Markets broadly expect room for a rate adjustment in December, with labor-market and consumption trends continuing to serve as key indicators.
2025-11-26
In November 2025, the Federal Reserve Bank of Richmond’s manufacturing composite index fell sharply from -4 in October to -15, far below the expected -2, indicating a rapid deterioration in regional manufacturing activity. The shipments index dropped from 4 to -14, new orders declined from -6 to -22, and capacity utilization fell from -10 to -18. Backlogs and finished goods inventories continued to weaken, reflecting insufficient production momentum and signaling renewed contractionary pressure for the sector. This downturn poses challenges for the broader Mid-Atlantic regional economy. The decline was primarily driven by weakening demand and rising costs. Softer market demand reduced both orders and shipments, while traditional industries faced intensified domestic and international competition. Production was further constrained by line adjustments and maintenance activities. On the cost side, persistent increases in raw material and energy prices added to manufacturers’ burdens. Although the employment index saw a slight uptick, labor market tightness continued to limit production capacity. In the near term, demand volatility and elevated costs are likely to continue weighing on manufacturing activity, slowing the pace of recovery. The medium-term outlook depends on whether inflation pressures ease and global supply chains stabilize; improvements on these fronts could help the sector regain balance. Monetary policy decisions by the Federal Reserve and broader economic conditions will remain key indicators. Investors and policymakers should closely monitor upcoming data to adjust strategies amid ongoing uncertainty.
2025-11-25
Gold and silver prices have clearly rebounded over the past two months. According to ANZ’s report, as of September 2025, gold has reached around 4,000 USD per ounce, rising more than 10 percent from the beginning of the year. Silver has surpassed 44.7 USD per ounce, hitting a multi-year high. In mid-November, supported by capital inflows and policy expectations, gold and silver strengthened again and remained near multi-year highs. Overall, both metals showed double-digit growth compared with the same period last year, reflecting rising risk-aversion and steady industrial demand. Recently, gold and silver prices moved higher once more, driven mainly by three factors. First, the expansion of the US fiscal deficit and the possibility of a more accommodative monetary policy from the Federal Reserve have increased market liquidity, enhancing the appeal of precious metals as safe-haven assets. Second, structural demand driven by the energy transition, especially strong silver demand from the solar industry, has further supported silver prices. In addition, rising geopolitical tensions and greater macroeconomic uncertainty have reinforced gold’s role as a store of value, while a weaker US dollar and shifts in the global monetary system have strengthened upward momentum for gold. In the short term, expectations of policy easing and safe-haven demand will likely keep gold fluctuating around 4,000 USD, while silver has the potential to challenge the 50 USD level. In the medium term, structural demand from new energy and industrial applications will continue to support silver, while gold is expected to benefit from a weaker dollar and central banks’ ongoing accumulation, maintaining a bullish bias. Although policy shifts may create short-term volatility, the fundamentals of the gold and silver markets remain solid, reflecting the long-term value re-rating under global economic and energy-structure changes. Investors may continue monitoring monetary policy and geopolitical risks to capture potential price movements. Read More at Datatrack
2025-11-24
Latest updates in November 2025 indicate that the U.S. Bureau of Labor Statistics was unable to conduct price surveys during the federal funding lapse, leading to the cancellation of the October 2025 CPI release. Since CPI calculations heavily rely on real-time surveys, the missing data cannot be reconstructed retroactively, leaving October’s inflation conditions incomplete. However, some non-survey-based inputs will be incorporated into the November release. As a result, the November CPI publication date has been postponed from December 10 to December 18. According to the BLS, price surveys could not be legally conducted during the shutdown, and the associated data cannot be rebuilt afterward. This makes it impossible to produce both the headline and core CPI for October, and updates will only resume once data collection is restored. In addition, the Bureau of Economic Analysis announced that the release of another key inflation gauge, the PCE, will also be rescheduled, with the exact date yet to be determined. This further widens the information gap for markets and policymakers, leaving the Federal Reserve without a critical inflation indicator ahead of its year-end rate meeting and adding uncertainty to policy assessment. From a market perspective, the absence of October CPI deprives investors of a major short-term inflation signal, potentially increasing volatility risks. In the mid-term, the November CPI—set for release on December 18—will offer a more complete picture of price trends, helping the market and the Federal Reserve reassess the path of future policies. Market expectations generally foresee inflation hovering around 3 percent, and the upcoming data will play a pivotal role in shaping the year-end policy decision. Read More at Datatrack
2025-11-21
In September, U.S. nonfarm payrolls increased by 119,000, rebounding sharply from the revised August figure of -4,000 and surpassing the market expectation of a 50,000 increase. The unemployment rate edged up from 4.3% to 4.4%, an unusual situation where employment rises while the unemployment rate also climbs. The year-on-year growth of average hourly earnings remained at 3.8%, indicating that wage pressures have not eased significantly. This serves as an important data point for observing changes in the U.S. labor market and economy. Detailed Data and Influencing Factors: The labor force participation rate slightly rose from 62.3% to 62.4%, reflecting increased market activity. August employment data was revised from 22,000 to -4,000, and July data was lowered by 7,000, resulting in a total two-month decline of 33,000 jobs. The private sector added 42,000 jobs in October, exceeding the expected 25,000, but layoffs surged by 183.1%, reflecting short-term labor market volatility and structural adjustments. The data shows that the U.S. labor market exhibits both resilience and uncertainty. In the short term (1–2 months), since the employment data for October and November will be released late due to the government shutdown, the Fed will be unable to reference the latest complete figures for these two months. As a result, the Fed may delay or cancel its rate-cut plans in December, and the stock market could face significant correction risks. Over the medium term (within six months), the outcome will depend on the labor market’s persistence and inflationary pressures. The Fed may adjust its policies again in early 2026 to respond to economic shifts. Read More at Datatrack