Auto sector could be lead indicator

Due to the long value chain, it influences other industries too

The auto industry is a good indicator of consumption demand. It also has a long value chain extending from primary commodities through to sophisticated electronic gear. It employs millions with many different skills. There are approximately 30,000 parts in a single vehicle. In addition to the manufacturing chain, there's a long services chain what with dealers, advertisers and financiers. Plus, there's repair and maintenance, and of course, employment for professional drivers, etc.

The sector releases production numbers on monthly basis through the SIAM, though this doesn't necessarily translate into sales. Despatches to the dealer are booked as sales and there can