According to LP Morgan’s recent survey, global manufacturing has seen a 27 month continuous growth. This they report is largely driven by growth in the US, UK, some European and Asian economies.
The rate of output has grown to a 6 month high as companies scaled up to increase production to meet demand from export markets. This has invariably lead to new emplotemment opportunities,
“Global manufacturing production continued its run above its long-run potential. Employment and new orders both expanded at rates similar to those registered around the turn of the year,” said David Hensley, director of global economics coordination at JP Morgan.
“Price pressures remain on the downside, but to a lesser extent than in January.”
The report identifies reasons for growth in the US, Mexico and Canada as well as European countries including UK, Germany , Spain, Poland as well downturns in France , Greece and Austria.
Original Story: Bloomberg News
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13 August 2015