UBS On-Air: Paul Donovan Daily Audio 'Ships and chips'

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Recorded21 Nov 2024

Publishersecure.ubs.com

Handlerec:4543265

Show notes

South Korean export data for early November rebounded from October’s decline, led by sales of microchips and ships—neither of these directly suggest consumer spending is behind the improving trade data. Chip demand has been focused on investment spending lately, and shipping construction has too long a lead time to be a short-term indicator of global demand.

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