Chart Beat: Global electronics manufacturing subdued in December, shows PMI

The worldwide electronics sector’s growth continued to wane, hampered by lacklustre demand and rising inflation. As per the S&P Global Electronics Purchasing Managers’ Index (PMI), which is seasonally adjusted, there was a drop to 47 in December, down from November’s 48. This fall underscores a more pronounced and ongoing decline in the operational conditions within the global electronics manufacturing landscape as 2023 drew to a close. PMI above 50 indicates expansion, and a reading below 50 contraction.