The US economic data for 2Q24 has been mixed. The latest reports show that the US CPI rose by 3.4% YoY for April, with a lower growth rate as expected by the market. However, the country’s PPI unexpectedly climbed up in the same month, reaching a 12-month high with a YoY increase of 2.2%. This indicates that the trend of inflation is fluctuating in the US. Although the US Federal Reserve has stated that it is not considering raising interest rates, any rate cuts will likely be further delayed. The Fed’s view is that maintaining a high-rate environment may be necessary at the present...
1. Overview of Global Macroeconomic Conditions in 1Q24
2. Market Shares of Top 10 MLCC Suppliers in 1Q24
3. Production Capacity and Shipments of Top 10 MLCC Suppliers
4. BB Ratio
5. Inventory Levels of Top 10 MLCC Suppliers
6. Quarterly Shipments of Top 10 MLCC Suppliers
7. Supply-Demand Dynamics of MLCC Market in 2Q24
8. Price Trends of Different Categories of MLCCs in 3Q24
9. Annual MLCC Demand from Major Applications
10. Revenues of Top 10 MLCC Suppliers
During this year’s five-day May Day holiday in Mainland China, a wave of domestic travel had once again emerged. Not only were tickets for various tourist attractions across the country in high demand, but air and land transportation services were also fully booked. According to data from the country’s Ministry of Transport, the number of transport passengers in the country is estimated to have reached 56.99 million on May 1st, comparable to the figure resulting from this year’s Lunar New Year rush. This also indicates that China’s domestic consumption preference still leans towards travel and outdoor activities...
CapEx figures, production capacity figures, and inventory levels of MLCC suppliers are constantly being tracked and updated on a regular basis. TrendForce also provides analyses on the price trends and inventory statuses of production-related materials.
On March 19, the Bank of Japan announced the end of its 17-year policy of maintaining negative interest rates. The country’s unsecured overnight call rate, which had previously been in the -0.1% to 0% range, rose to the range of 0% to 0.1%. This marks the first interest rate hike by the Bank of Japan since February 2007 and makes Japan the last country in the world to end the negative interest policy...
Also, according to feedback from MLCC suppliers, the demand from tenders related to Japan’s Giga School is lower than expected this year, dropping by nearly 10% compared with 2023. Additionally, Dell and HP have started selling AI notebook (laptop) computers that run on Intel’s Meteor Lake CPU platform through e-commerce websites and channel retailers...
Inflation in Europe and the US continues to ease, and central banks in many countries are considering lowering interest rates this year due to weak economic data. However, the long-term pressure from high interest rates on financing and borrowing has affected consumers’ purchasing power and continues to squeeze the profitability of various businesses...
The National People’s Congress and the Chinese People’s Political Consultative Conference, which are the two major annual events for observing the directions of the Chinese government’s economic policies, took place on March 4th in Beijing...
Even though global inflation continues to ease, a further lowering of the inflation is becoming more difficult as the target level approaches. The latest data from the US shows an increase in the CPI and PPI for February, with YoY growth rates of 3.2% and 1.6% respectively. This indicates that the upward trend in prices since the beginning of this year is not solely due to seasonal factors, and overall inflation pressure remains relatively heavy...
Global inflation continues to gradually ease, with the PCE and Core PCE of the US rising by 2.4% and 2.8% YoY respectively for January. While the YoY increases shrank, the MoM comparison actually shows the sharpest hikes in nearly a year...