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Economy

Car Manufacturing Holds at 60% as Staple Industrials Plateau

Source: https://huq.io/news/car-manufacturing-holds-at-60-as-staple-industrials-plateau/

The recovery of Key Industrials across Europe appears to have plateaued in the last three weeks, as high-frequency geo-data shows that following a sharp rise at the end of June, footfall to manufacturing plants has held at around 65% of pre-lockdown levels.

According to Huq’s ‘Key Industries Indicator’, which measures the number of employees attending workplaces across a range of sectors, Defence, Chemicals and Biotechnology continue to be the busiest in comparison to pre-lockdown levels (all around 65% in the last few days). Defence reached almost 90% of pre-levels around 10 July but has since come down again.

However, the lines between traditionally discretionary and staple sectors continues to become blurred with Automotive manufacturing holding at around 60% of January levels. The end of June saw Automotive manufacturing make something of a comeback and it now appears to have moved away from more discretionary sectors including Food and Aerospace, which remain more subdued (around 45% and 40% respectively). Interestingly, Automotive is now closely in line with Biotechnology.

With other indicators showing similar green shoots of recovery, further analysis of geo-data in the coming weeks will show the potential impact of new local lockdowns.

To learn more about the data behind this article and what Huq has to offer, visit https://huq.io/.

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Advan provides hedge funds and institutional investors with unmatched insights into both foot and vehicle traffic to enable better investment decisions. Using precise, manual geofencing, it has the most extensive and accurate location data, available in seconds through an intuitive, self-service dashboard. Its institutional-grade analytics allow fast and actionable insights into customer behavior and corporate activity.

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