Macro data shows uptick in Western World
While Chinese macro data still remains a little anaemic, there have been signs of life throughout March and we remain very much of the opinion that activity troughed in 2023. We believe that IP will improve sequentially over the next few months. And that seems to be true of ex-China as well. Although the Eurozone is lagging, the US moved into growth in March for the first time in 17 months and other countries are following. Despite high interest rates, consumer activity remains robust, and this can only be positive for demand for EVs and residential battery systems. The only...
Topics
China
Consumption
ESS
Eurozone
EVs
Manufacturing
Retail sales
US
