Market & supply watch - July/August 2017
The EBV analysis of the market situation
Having corrected its imbalances, the US economy continues growing at decent rates.
Growth in China is decelerating due, among other things, to high corporate indebtedness and industrial overcapacity. The ECB’s expansionary monetary policy glosses over the structural problems of the euro zone and allows the economy to grow more strongly.
EMU has survived the sovereign debt crisis, but is gradually evolving into an “Italian-style monetary union” – structural weaknesses are preserved by the loose monetary policy.
The German economy is experiencing a consumption-driven boom; below this glossy surface, however, its competitiveness is gradually eroding. High unemployment in most EMU countries is keeping inflation low for the time being.
Lead time trend of mentioned product groups, standard devices in EBV portfolio