VWAGY - To Solve Supply Chain Shortages Pray For Rain In Taiwan

• Taiwan accounts for approximately 65% of the world's semiconductor production, but the worst drought in 50 years is proving to be very challenging to semiconductor production, which requires a lot of water.
• Another industry crisis is expected to be the lithium battery shortage.
• March retail sales soared 9.8% (month over month), substantially more than the economists' consensus estimate of a 6.1% increase. The figure was the strongest in 10 months, and that bodes well for first-quarter GDP growth statistics.
• The Consumer Price Index rose 0.6% in March, which was just slightly higher than the economists' consensus estimate of a 0.5% increase.

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