Manufacturing in China partly resumes. Employees wearing face masks weld parts of ship amid the novel coronavirus outbreak. Photo: Yin Liqin/China News Service via Getty Images

Nearly 40% of electronics manufacturers feel worse about the impact of COVID-19 on their business than they did a month ago, according to an updated survey being released later today by electronics industry trade group IPC.

Why it matters: Although the coronavirus outlook in China is improving, elsewhere the situation has deteriorated. Plus, most companies are now dealing with problems on both the demand and supply sides of their businesses.

Among the other findings:

  • More than two-thirds of respondents said they have been told by suppliers to expect some shipment delays, and some of the delays are growing. While on average, companies are being told to expect three-week delays, 15% said they are being quoted delays of six weeks or longer, which no companies reported in last month's survey.
  • Similar to the past survey, electronics manufacturers actually expect the delays to average five weeks, which is significantly longer than the quotes they are receiving.
  • As for when things get back to normal, the majority of manufacturers and suppliers expect that to occur by July, with three-quarters expecting a normal situation by October. However, a quarter of respondents said it was too soon to say.

What they're saying: IPC chief economist Shawn DuBravac told Axios that although delays remain, the information has been largely clear and consistent, allowing companies to take orders.

  • "All indications suggest China's manufacturing capacity, and related transportation networks, are quickly coming back online and the early delays there are working through global supply chains now," DuBravac said, adding that ongoing "spot shortages" are being worked out.
  • "While companies aren't cutting back in significant ways right now, they do indicate a consensus that sales are likely to be lower this year as a result of the impact of coronavirus," he said.

Go deeper: Brace for coronavirus supply shocks

Go deeper

Dion Rabouin, author of Markets
24 mins ago - Politics & Policy

Wall Street fears stimulus is doomed

Illustration: Sarah Grillo/Axios

The fight over a new Supreme Court justice will take Washington's partisan bickering to a new level and undermine any chance for needed coronavirus relief measures before November's election, Wall Street analysts say.

What we're hearing: "With the passing of Justice Ginsburg, the level of rhetorical heat has increased, if that seemed even possible," Greg Staples, head of fixed income for the Americas at DWS Group, tells Axios in an email.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 7 a.m. ET: 31,346,086 — Total deaths: 965,294— Total recoveries: 21,518,790Map.
  2. U.S.: Total confirmed cases as of 3 a.m. ET: 6,858,130 — Total deaths: 199,890 — Total recoveries: 2,615,949 — Total tests: 95,841,281Map.
  3. Health: CDC says it mistakenly published guidance about COVID-19 spreading through air.
  4. Media: Conservative blogger who spread COVID-19 misinformation worked for Fauci's agency.
  5. Politics: House Democrats file legislation to fund government through Dec. 11.
  6. World: U.K. upgrades COVID alert level as Europe sees worrying rise in infections — "The Wake-Up Call" warns the West about the consequences of mishandling a pandemic.
2 hours ago - Technology

Why Puerto Rico is still struggling to get online

Illustration: Sarah Grillo/Axios

Internet connectivity remains a weak link for the disaster-wracked U.S. territory Puerto Rico, and some experts fear a new tranche of Federal Communications Commission subsidies set aside just for the island might not help the people most in need of a broadband connection.

Why it matters: Puerto Rico is locked out of most federal funding available to U.S. states to help expand internet service. The island risks being left behind as carriers expand and upgrade high-speed internet networks elsewhere, even as infrastructure-damaging tropical storms come faster and harder and the pandemic makes broadband even more of a must-have.

Get Axios AM in your inbox

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Subscription failed
Thank you for subscribing!