Aerospace

Airbus and Boeing aircraft deliveries Source: Airbus, Boeing
Supply chain deliveries have plague both US aircraft manufacturer Boeing and its European rival Airbus this year, and deliveries continue to be running late as the end of year nears. However a key milestone of 1,000 deliveries is set to be reached between the two leading plane makers in 2022 as they race towards December. Airbus sped up and delivered 60 aircraft to 38 customers in October 2022, up from 53 the previous month, bringing its net deliveries to date to 495 aircraft. It also secured 117 plane orders during the month. By contrast, Boeing delivered 35 planes in October, down from 51 in September this year. An earlier problem with the fuselage on its new 737 Max was to blame for the backlog. However it logged more than 122 orders in October, mostly for the 737 MAX, as well as for 10 787 Dreamliners, without any cancellations.
Automotive

China vehicles production all types, mn units.Source; CAAM
In October, China produced and sold almost 2.6m vehicles, an increase of 11% y-o-y, brining production in the first ten months of 2022 to 22.24m, up 7.9% y-o-y. Vehicle sales of 2.5m in October, 6.9% up on October last year brought the sales for the first ten months of this year to almost 22m units, an increase of 4.6%y-o-y, according to the China Association of Automobile Manufacturers (CAAM). Despite continued Covid-1 lockdowns across the country, both output and sales maintained momentum as the market entered the final quarter of 2022, helped by exports. Output and sale of new energy vehicles (NEVs) set a new record in October.
Semiconductors
Global semiconductor sales growth slowed substantially during the second half of 2022, and the cyclical semiconductors market is not projected to rebound until the second half of 2023, the to the Semiconductor Industry Association (SIA) said in its State of the US Semiconductors Industry 2022 report. The SIA, which represents 99% of US and nearly two-thirds of non-US chip firms, said US-China tensions continue to impact the global supply chain, leading to government controls on sales of chips to China, the world’s largest semiconductor market. Read the full report here.
However it welcomed the CHIPS and Science Act aimed at strengthening semiconductor production, including $52 billion in chip manufacturing incentives and research investments and investment tax credit for semiconductor manufacturing and semiconductor equipment manufacturing. US semiconductor companies invest roughly one-fifth of annual revenue ($50.2bn in 2021) in R&D which bodes well for the future.
Meanwhile, in its latest data, SIA said global semiconductor sales September 2022 were down 0.5% compared to August 2022 and 3% vs September 2021. Worldwide sales of semiconductors in Q3 2022 were $141 billion during the third quarter of 2022, down 3% y-o-y and down 6.3% on Q2 2022.Regionally, month-on-month sales increased in the Americas (4.8%), Japan (0.5%), and Europe (0.1%), but decreased in Asia Pacific/All Other (-2.9%), and China (-3.0%). Year-on-year sales increased in Europe (12.4%), the Americas (11.5%), and Japan (5.6%), but decreased in Asia Pacific/All Other (-7.7%) and China (-14.4%). Despite the weaker Q3 among global headwinds, “the long-term market outlook remains strong… as semiconductors continue to become a larger and more important part of our digital economy,” said John Neuffer, SIA president and CEO.
Oil and gas
As at 24 November there were 784 rigs active in the US, according to Baker Hugehes, up from 771 at the same time in October, with an increase in active oil rigs offsetting slightly fewer gas rigs in operations. Including 194 rigs in Canada (up from 171 a year earlier) this brought the active rig count in North America to 978, up 2% y-o-y. At last count, globally there were 1,893 rigs in action, with 915 of them outside North America.