IHS News Releases - Automotive

Automotive

  • 9/10/18 1:00 am EDT
    LONDON (September 10, 2018) – Tight supplies of display panel materials and components, such as driver integrated circuit (IC), glass substrate and polarizer, are expected to slow the decline rate of liquid crystal display panel costs, according to IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions.Supply of driver IC is forecast to tighten throughout 2018, estimated to exceed demand by 4 percent, per the new Display Driver IC Market Tracker by IHSmore...
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  • 9/6/18 5:15 am EDT

    Expenditure will reach USD100 billion in 2019, with Saudi Arabia and the UAE driving growth

    LONDON--(BUSINESS WIRE)--The Gulf Cooperation Council (GCC) member states are forecast to spend over USD100 billion on their defence capabilities for the first time next year, with increasing budgets in Saudi Arabia and the United Arab Emirates (UAE) driving growth between 2018 and 2027. Across the Gulf states comprising the GCC (Saudi Arabia, UAE, Kuwait, Qatar, Bahrain and Oman), defence budgets are expected to reach record highs nextmore...
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  • 9/5/18 9:30 am EDT

    Stronger upturn in service sector activity during August, but business optimism hits five-month low   

    Key findings:

    • Stronger rises in business activity and new work
    • Input cost inflation accelerates, led by fuel prices and wage pressures
    • Optimism towards the year-ahead business outlook at lowest level since March
    Data collected August 13-29IHS Markit / CIPS UK Services PMIUK service providers experienced a stronger increase in business activity and incoming new work during August. Improving business conditions helped to underpin a rebound in employment growth to its fastest for six months.However, survey respondents widely noted that a lack of suitably skilled candidates to fill vacancies had held back staff hiring and constrained business expansion plans. Meanwhile, business confidence regarding themore...
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  • 9/5/18 9:15 am EDT

    Includes IHS Markit Eurozone Services PMI®

    Output growth broadly steady in August but expectations weaken  

    Key findings:

    • Final Eurozone Composite Output Index:
      54.5 (Flash: 54.4, July Final: 54.3)
    • Final Eurozone Services Business Activity Index: 54.4 (Flash: 54.4, July Final: 54.2)
    Data collected August 13-28Euro area economic growth moved broadly sideways during August. The final IHS Markit Eurozone PMI® Composite Output Index came in at 54.5, up slightly from the earlier flash estimate but only a marginal improvement on July’s 54.3.Rising activity has now been registered continuously for over five years, although growth in August remained well down on the rapid rates seen around the turn of the year. Both manufacturing production and service sector activity rose atmore...
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  • 9/5/18 8:00 am EDT

    Consistently higher oil prices are driving operators to make longer-term plans as offshore projects become more cost effective, particularly in deepwater

    HOUSTON--(BUSINESS WIRE)--Consistently higher oil prices and greater cost-efficiency in offshore projects are driving increased demand for offshore drilling rigs through 2020, particularly for deepwater projects, according to new analysis from IHS Markit (Nasdaq: INFO), the leading global source of critical information and insight. In its first worldwide mobile rig forecast for 2020, IHS Markit, which relies on data from its Petrodatamore...
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  • 9/5/18 4:16 am EDT

    Business activity growth slips to five-month low in August

    Key points

    • Services activity growth edges down to ten-month low, while manufacturing output increases at faster pace
    • Composite new work expands at weakest pace for over two years
    • Steeper rises in input costs across both the manufacturing and service sectors
    Summary – Services and Composite PMI dataThe latest Caixin China Composite PMI™ data (which covers both manufacturing and services) indicated that business activity growth across China weakened for the second month in a row in August. Notably, the Composite Output Index fell from 52.3 in July to a five-month low of 52.0, to signal only a modest rate of expansion.AnalysisThe decline in the headline index was driven by slower growth of services activity during August. Furthermore, businessmore...
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  • 9/5/18 4:08 am EDT

    Service sector output growth edges up to four-month high

    Key points:

    • New business growth accelerates
    • Recruitment increases at faster pace

    Data collection 13-28 August

    Latest survey data continued to point to business activity growth across Japan’s service sector. Sales volumes rose to a relatively marked degree, while firms hired extra staff at the fastest pace in 14 months. Greater payroll numbers contributed to a further month of strong input price inflation. In response, output charges were increased.The headline index from the survey - the seasonally adjusted Business Activity Index - was recorded at 51.5 in August. This was up from 51.3 in July,more...
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  • 9/4/18 12:00 pm EDT

    Sharpest rise in manufacturing output since December 2010

    Key findings:

    • Production volumes increase at robust pace in August...
    • ...but new order growth eases to four-month low
    • Strongest input cost inflation for almost seven-and-a-half years

    Data collected August 13-24

    LONDON--(BUSINESS WIRE)--August data pointed to a sharp and accelerated upturn in Canadian manufacturing output, but the latest survey also revealed a loss of momentum for new business growth. Anecdotal evidence suggested that some clients had adopted a wait-and-see approach to spending in response to heightened business uncertainty and ongoing global trade tensions. Steel and aluminum tariffs contributed to the fastest rise inmore...
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  • 9/4/18 11:45 am EDT

    The Paychex | IHS Markit Small Business Employment Watch shows weekly hours worked have increased 0.52 percent YOY, while small business job growth has slowed 0.73 percent since August 2017

    While the Paychex | IHS Markit Small Business Employment Watch for August shows a continued decrease in the rates of small business jobs and wage growth, it also reveals that weekly hours worked are on the rise. Down 0.12 percent in August to 99.22, the Small Business Jobs Index has fallen for three consecutive months and is 0.73 percent lower than a year ago. The rate of hourly earnings growth in August stands at 2.21 percent. Despite the hiring slowdown, the number of weekly hours worked hasmore...
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  • 9/4/18 11:30 am EDT

    August PMI signals strong growth despite dipping to nine-month low

    KEY FINDINGS
    PMI indicates strong improvement in operating conditions
    Rates of output and new order growth ease but remain solid
    Inflationary pressures soften

    LONDON--(BUSINESS WIRE)--August data indicated a strong overall improvement in the health of the U.S. manufacturing sector. The upturn was supported by further rises in output and new orders, and a renewed increase in export sales. That said, production rose at the weakest rate for almost a year. The latest upturn in new business drove solid increases in employment and backlogs. Meanwhile, rates of both input price and output charge inflation softenedmore...
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