Market News

LOS ALTOS, CA -- New US light vehicle production rose 19.9% year-over-year in 2012 to 10.4 million units, driving big gains in automotive electronics. But the joyride might be about to end, new research indicates.

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BANNOCKBURN, IL — OEMs have stepped up investments and operations in Latin America, most notably in the automotive industry, and manufacturing production is poised for solid growth in 2013.

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WASHINGTON – Federal legislation that would restrict exports of electronic waste from the US to developing countries could create as many as 42,000 direct and indirect new jobs, with a total payroll of more than $1 billion, says the Coalition for American Electronics Recycling.

Federal legislation known as the Responsible Electronics Recycling Act was introduced in the last session of Congress, and will be reintroduced this session. The bill would restrict exports of untested and non-working e-waste from the US to developing countries, although it would still allow free trade of tested and working used electronics being exported for reuse.

The legislation is supported by major electronics manufacturers, including Dell, HP, Apple, Samsung, and Best Buy, as well as by CAER, which represents 82 US companies that operate 158 electronics recycling and disposition facilities operating in 34 states.

A study was conducted by DSM Environmental Services. It found that processing e-waste in the US instead of exporting it to developing countries would create 21,000 full-time equivalent recycling jobs with a corresponding payroll of $772 million.

It has the potential to create another 21,000 indirect jobs. These jobs numbers will increase further as e-waste volumes rise in the years ahead, says CAER. The US EPA estimates that e-waste is growing two to three times faster than any other portion of the waste stream, fueled by the continued proliferation of electronic devices.

The full study is available at www.americanerecycling.org/images/CAER_Jobs_Study_Report.

WASHINGTON, DC — Worldwide semiconductor sales in 2012 reached $291.6 billion, down 2.7% year-over-year but still good for the industry’s third-highest yearly total, the Semiconductor Industry Association announced.

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BEIJING -- China's Manufacturing Purchasing Managers' Index rose to a final reading of 52.3 in January from 51.5 in December, reflecting increased nationwide manufacturing activity.

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TEMPE, AZ — Economic activity in the manufacturing sector expanded in January for the second consecutive month, and the overall economy grew for the 44th consecutive month, according to the latest ISM data.

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