Unprecedented Times Call for Extraordinary Measures

News: Economics

2020-04-04

Unprecedented Times Call for Extraordinary Measures

Download our special report CORONAVIRUS, Impact on the global production for engines and powered equipment. Available April 15, 2020.

Joe Zirnhelt
Joe Zirnhelt

Over the first quarter of 2020 the concern over the coronavirus has grown each week.  Since first hearing the news out of China and the virus’ spread to South Korea, we have been able to observe the effects on supply chains and production.  

Time is of the essence

Although news and concern increased since that time, the week of March 10 and the classification of the coronavirus as a pandemic by the World Health Organization dramatically shifted many measures into action across the globe.

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2020-02-25

We Expect 2020 NA Overall OEM Production To Be Flat

This article initially appeared in the February 2020 issue of PowerTALK News.

SUMMARY.  The North American economy remained stable in 2019 and pure economic conditions as well as fundamentals in the region were favorable. Most industries performed very well, and the short-term outlook remains stable to flat for most market segments. However, we see many new developments that could suggest a shift in the trend.

Yosyf Sheremeta
Yosyf Sheremeta

Consumer confidence declined slightly in December, following a moderate increase in November.  The Conference Board’s Consumer Confidence Index stood at 126.5 in December, 1.4 points higher than in September 2019. 

Per Lynn Franco, Senior Director of Economic Indicators at The Conference Board: “While consumers’ assessment of current conditions improved, their expectations declined, driven primarily by a softening in their short-term outlook regarding jobs and financial prospects. While the economy hasn’t shown signs of further weakening, there is little to suggest that growth, and in particular consumer spending, will gain momentum in early 2020.”

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New India Budget Disappoints Auto Industry

This article initially appeared in the February 2020 issue of PowerTALK News.

Source: Business Today   Read The Article

Ritvik Kulkarni
Ritvik Kulkarni

PSR Analysis: The Indian Automotive Industry was largely left disappointed with the budget after no direct steps were taken to arrest the decline in automotive sales. Although keeping long term benefits in mind, the budget did introduce measures to boost the rural economy, which in turn will directly benefit the commercial vehicle industry which is an important driver for the economy.

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2020-02-04

Near Term Recession Fears Recede in North America

SUMMARY.  The North American economy remained stable in 2019 and pure economic conditions as well as fundamentals in the region were favorable. Most industries performed very well, and the short-term outlook remains stable to flat for most market segments. However, we see many new developments that could suggest a shift in the trend.

Yosyf Sheremeta
Yosyf Sheremeta

Consumer confidence declined slightly in December, following a moderate increase in November.  The Conference Board’s Consumer Confidence Index stood at 126.5 in December, 1.4 points higher than in September 2019. 

Per Lynn Franco, Senior Director of Economic Indicators at The Conference Board: “While consumers’ assessment of current conditions improved, their expectations declined, driven primarily by a softening in their short-term outlook regarding jobs and financial prospects. While the economy hasn’t shown signs of further weakening, there is little to suggest that growth, and in particular consumer spending, will gain momentum in early 2020.”

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2019-11-05

Global Economic Fundamentals Strong, But Uncertainties Linger

This report is excerpted from the Q3 2019 Update Bulletin prepared for clients of Power Systems Research, Oct. 1, 2019.

SUMMARY. If you were to look at the latest global macro-economic fundamentals, you would see a strong and healthy economy and a rosy picture.  On the other hand, if you follow the latest updates on key industries and their players worldwide, optimism is not that strong. 

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