Global Factory Check-Up Is About to Reveal Extent of Nascent Recovery
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Manufacturing will get a temperature check from closely-watched measures of activity for Europe and Asia, an opportunity to gauge whether a nascent recovery in factory output is gaining traction.
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Published Feb 17, 2024 • 6 minute read
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(Bloomberg) — Manufacturing will get a temperature check from closely-watched measures of activity for Europe and Asia, an opportunity to gauge whether a nascent recovery in factory output is gaining traction.
A recent uptick in a global index of manufacturing — to the highest level since mid-2022 — has spurred expectations the sector has reached a turning point after a broad consumer shift away from purchases of goods in favor of services.
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Bloomberg News
2024-02-17 17:00:30
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