For the Quarter Ending September 2023

North America:

Azithromycin prices experienced an upward trajectory throughout the third quarter in the United States. September saw an 11.55% increase compared to July levels. This rise was influenced by a robust consumer confidence, reaching a two-year high in July, amid a persistently tight labor market and receding inflation. The Consumer Price Index grew by 3.2% year on year through July, continuing the upward trend from June. August witnessed further increases, particularly in the costs of gasoline and fuel oil, surging by 9.1% and 10.6% respectively compared to July. This escalation, compounded by factors such as higher warehousing prices, limited storage space, and inventory restocking, contributed to heightened business expenses and shipping costs. In September, inflation, sluggish trading activities, and sustained demand from end-user sectors led to another price increase, with the Consumer Price Index rising by 3.7% year on year, slightly exceeding expectations. Energy prices rose by 1.5%, with gasoline and fuel oil prices increasing by 2.1% and 8.5% respectively. Additionally, sluggish imports from China further contributed to the sustained elevation of Azithromycin prices.

Asia Pacific:

Azithromycin prices followed an ascending trend throughout the third quarter in China, with a 12.07% increase in September compared to July levels. In July, China reported a 0.3% drop in consumer prices and a 4.4% year-on-year drop in producer prices, easing inflation and boosting consumer confidence. August witnessed constrained supply due to limited manufacturing activity, resulting in reduced inventories among market manufacturers and traders. However, the rate of new orders increased, positively impacting Azithromycin prices. Factory owners reported improvements in producer prices and a resumption of growth in new orders. China's manufacturing purchasing managers' index (PMI) surged back into expansion in September, signaling a revival in factory activity and a promising economic resurgence. The continuous surge in new orders indicated sustained growth in the demand for the manufacturing market.

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Europe:

Azithromycin prices exhibited an upward trend during the third quarter in Germany, with a 12.00% increase in September compared to July levels. In July, Germany's inflation rate was 6.2%, a slight decrease from June's 6.4%, as measured by the year-on-year change in the consumer price index (CPI). The ease of inflation in July kept consumer sentiments positive. Prices continued to rise in August due to elevated inflation, driven by increased energy and oil prices affecting businesses maintaining Active Pharmaceutical Ingredients (APIs). Azithromycin prices further increased in September due to a scarcity of available stock, elevated energy prices, and weakened demand from end-consumers. Moreover, the significant surge in air and ocean transportation expenses toward the end of September, in anticipation of the extensive holiday in China, impacted the global supply chain, contributing to the rise in Azithromycin prices in Germany.