Manufacturing Coming Back?

2020 was an up and down year for manufacturing across the globe. The strong economy at the start of 2020 propelled manufacturing (especially in the U.S.), but the COVID pandemic slowed it to crawl in the middle of the year. The good news is recently released data shows factories in Asia and Europe increased their output as 2020 drew to a close (Wall Street Journal)

Surveys of purchasing managers at factories across Asia and Europe that were released Monday recorded strong rises in activity during December, with Taiwan’s manufacturing sector recording its strongest month in almost a decade

The results of a similar survey of U.S. manufacturers will be released later today. We will see if American manufacturing is also seeing a comeback. Expectations do point to a stronger increase in activity