3 ms·

It's steady to slightly up since 2016.

• roenxi 7y ago
  This is an industry where 'quick' means happens in in 6 months and 'medium term' is about 5 years. Just because there was a worse low in 2016 than 2019 doesn't mean much. The more relevant perspective is that production is down more than 20% from 2013/2014 and comparable to 2016. The better baseline is about 5 years ago, because the strategic decisions made then are appearing today.