{"id":13235,"date":"2020-02-21T10:24:52","date_gmt":"2020-02-21T09:24:52","guid":{"rendered":"https:\/\/lazardfreresgestion-tribune.fr\/?p=13235"},"modified":"2020-02-21T10:24:52","modified_gmt":"2020-02-21T09:24:52","slug":"united-states-manufacturing-resistant-despite-halt-in-737-max-production","status":"publish","type":"post","link":"https:\/\/latribune.lazardfreresgestion.fr\/en\/united-states-manufacturing-resistant-despite-halt-in-737-max-production\/","title":{"rendered":"United States: manufacturing resistant despite halt in 737 Max production"},"content":{"rendered":"<h2>Chart of the week<\/h2>\n<p>Boeing\u2019s decision to halt production of the 737 Max from January onwards dealt a significant blow to production levels in the aeronautics sector, which fell 11% for the month. That said, the fall was undoubtedly lower than many analysts had expected.<\/p>\n<p>Given that aeronautics accounts for 3% of US manufacturing production, the impact on overall production levels accounts for a 0.4% fall. This means that the other industries in the manufacturing sector grew 0.3%, in line with January\u2019s healthy ISM Manufacturing* readings.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-13236 alignnone\" src=\"https:\/\/latribune.lazardfreresgestion.fr\/wp-content\/uploads\/2020\/02\/Capture-10.jpg\" alt=\"\" width=\"1311\" height=\"830\" srcset=\"https:\/\/latribune.lazardfreresgestion.fr\/wp-content\/uploads\/2020\/02\/Capture-10.jpg 1311w, https:\/\/latribune.lazardfreresgestion.fr\/wp-content\/uploads\/2020\/02\/Capture-10-300x190.jpg 300w, https:\/\/latribune.lazardfreresgestion.fr\/wp-content\/uploads\/2020\/02\/Capture-10-1024x648.jpg 1024w, https:\/\/latribune.lazardfreresgestion.fr\/wp-content\/uploads\/2020\/02\/Capture-10-768x486.jpg 768w, https:\/\/latribune.lazardfreresgestion.fr\/wp-content\/uploads\/2020\/02\/Capture-10-600x380.jpg 600w\" sizes=\"auto, (max-width: 1311px) 100vw, 1311px\" \/><\/p>\n<h2><b>Our analysis<\/b><\/h2>\n<p>The halt in 737 Max production took effect on 1 January 2020, making any further impact in the months ahead unlikely. The fall in annualised first-quarter growth should be limited to around 0.2%.<\/p>\n<p>This limited fall may even be absorbed by the other industries in the manufacturing sector, as long as the COVID-19 epidemic in China does not overly disrupt production lines.<\/p>\n<p>&nbsp;<\/p>\n<p><i>* <\/i><i>This index monitors changes in production levels from month to month.<\/i><\/p>\n<p>&nbsp;<\/p>\n<p>See also :\u00a0<a href=\"https:\/\/latribune.lazardfreresgestion.fr\/en\/employment-in-the-u-s-women-drive-labour-force-participation-rate-to-a-seven-year-high\/\">Employment in the U.S: women drive labour force participation rate to a seven-year high<\/a><\/p>\n<p>&nbsp;<\/p>\n<p><i>The opinion expressed above is dated \u00a014 February 2020, and liable to change.<\/i><\/p>\n<p><span style=\"color: #333333; font-family: 'Arial',sans-serif; font-size: 8pt;\">This document is not pre-contractual or contractual in nature. It is provided for information purposes. The analyses and descriptions contained in this document shall not be interpreted as being advice or recommendations on the part of Lazard Fr\u00e8res Gestion SAS. This document does not constitute an offer or invitation to purchase or sell, nor an encouragement to invest. This document is the intellectual property of Lazard Fr\u00e8res Gestion SAS. LAZARD FRERES GESTION \u2013 a simplified joint stock company with share capital of \u20ac14,487,500 &#8211; Paris Trade and Companies Registry No. 352 213 599. 25, RUE DE COURCELLES &#8211; 75008 PARIS, FRANCE<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chart of the week Boeing\u2019s decision to halt production of the 737 Max from January onwards dealt a significant blow&hellip; <\/p>\n","protected":false},"author":101016,"featured_media":13233,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[148],"tags":[1968,1967,1969,1970,1966,1922,1971],"class_list":["post-13235","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chart-of-the-week","tag-747-max-en","tag-aeronautics-sector","tag-boeing-747-en","tag-covid-19-en","tag-production","tag-united-states","tag-usa-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>United States: manufacturing resistant despite halt in 737 Max production &#8211; 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