SUMMARY: Gen-set sales continued the growth trend in Q1 2018 with a 2% increase over Q4 2017 levels. We continue to see increased demand for residential standby after last year’s severe weather season as well as the ramp-up towards the construction and camping seasons.
St. Paul, MN (October 12, 2017)— The Power Systems Research global Truck Production Index (PSR-TPI) deceased from 116 to 105, or -9.5%, for the three-month period ended September 30, 2017, from Q2 2017. However, the year-over-year (Q3 2016 to Q3 2017) gain for the PSR-TPI was 101 to 105, or 3.9%.
Overall, the global commercial truck industry is stronger than it has been in a number of years and is expected to continue to be strong moving into 2018. While there are still concerns about regional economies such as South America and Greater China, the global economies continue to improve.
ST. PAUL, MN (JULY 14, 2017)—The Power Systems Research Truck Production Index (PSR-TPI) increased from 100 to 114, or 14%, for the three-month period ended June 30, 2017, from Q1 2017. The year-over-year (Q2 2016 to Q2 2017) gain for the PSR-TPI was, 111 to 114, or 2.7%.
Read the complete report in April PowerTALK™ News.
(April 1, 2021)–After the GDP declined 3.5% last year, the worst performance in almost 75 years, the US economy is set for a strong comeback. In fact, we could see GDP growth exceeding 6% this year.
There are many reasons to be optimistic about 2021. Strong readings of macro-economic factors combined with the economic cycle reset backed by the government initiatives and policies support our estimates for the current year and beyond.
Our positive outlook is based on the reviews of the key economic indicators, including GDP, unemployment, and inflation. In our previous forecasts, we discussed recovery trends for the post-pandemic period, stating a return of demand for most markets in 2021, especially during H2 2021.
Based on our analysis of the expected growth trend and the economic reviews in major publications, we think US growth can surpass the growth level from 1984 – the highest one since 1950s.
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.
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.”
Hyundai Motor Indonesia (HMID) said it has signed contracts for more than 800 units of the Ioniq 5 EV announced at the Indonesia International Motor Show (IIMS) Hybrid 2022 in Jakarta.
The company announced that it has started mass production of the Ioniq 5 and that it will begin shipping to dealers in April. The Creta SUV was the second most sold model after the Ioniq 5, with approximately 600 units sold, bringing the total number of vehicles sold to over 1,500, including EVs and gasoline-powered vehicles.
Yosyf Sheremeta, PhD, Director of Product Management and Customer Experience, takes a look at what’s in store for the industry segments we follow for the rest of 2021 and beyond.
Welcome to the PSR PowerTALK podcast produced by Power Systems Research.
00:06 Joe Delmont
From Power Systems Research I’m Joe Delmont, editor of PSR PowerTALK.
Today we’ll talk with Yosyf Sheremeta about the economic outlook for North America.
Inside China a state subsidy is the norm, but outside of China the position is very different. The level of involvement by the central government feels a lot like a subsidy, one that undercuts local manufacturers. The problem is especially acute when it comes to electric car production.
Many of China’s car companies are looking more and more to export markets to absorb some of their production. But for some countries, the electric car onslaught coming from China is seen as a threat to local companies and their workers. The EV revolution was never intended to displace domestic industries and workers but that seems to be happening.
The heavy truck industry fell in the first half of 2022 by more than 63% from the previous year. According to the latest statistics from the China Automobile Association, for January to June this year, the overall sales volume of the domestic heavy truck market was about 380,000 units, a decrease of 63.6% compared with the same period last year.
In June, the sales volume of China’s heavy truck industry was only 55,000 units, a year-over-year decrease of 65%. The main reasons for the decline in heavy truck sales this year are the upgrading of emission standard from “China V” to “China VI” last year, which caused a pre-buy in the market, and the impact of the epidemic this year, which depressed the logistics and transportation market, further curbing demand for new trucks.
The heavy truck industry is a cyclical industry, and its development cycle fluctuates due to changes in environmental protection policies and the overall economy. Following a 14 month decline in sales, the primary concern in the heavy truck industry is this: When will there be a turnaround?
In speech “Development Status and Trend of Mobile Emission Regulation”, delivered by Research Fellow Ms. Ni Hong of Chinese Research Academy of Environmental Sciences, think tank for Ministry of Ecology and Environment, in concurrent event of Engine China 2019, Ms. Ni noted that CO2 reduction is an issue of future scrutiny. NS 7 will come after NS 6 and that emission regulation will only be more and more stringent.
Source: China Automotive News Read The Article
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