Phil Smith

speaker
50 appearances 1 recordings 1 series first heard Jul 2026 last heard 18 Jul

Phil Smith’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months
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Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

Appearances

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And so despite the inflation picture at the sort of broader level being a bit more subdued in the last couple of months, the prices of semiconductors are are continuing to accelerate.
And we're seeing that in our our PMI commodities price and supply report, which shows that price pressures for semiconductors are currently tracking about 15 times the long-run trend.
So that's an a another reason potentially why we
Such strong official exports data.
But we can see the evidence of the sort of surge in AI demand in our manufacturing PMIs.
The likes of Japan, Taiwan, and Netherlands were some of the top performers in June for manufacturing output growth.
And there's also a consistent story coming out of our global sector data too, which showed the tech equipment sector was the fastest growing in June.
That pace of growth still accelerating.
Supported by solid export growth.
So the PMI data definitely are bringing out those signals of strength related to the AI build out.
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