GLOBAL MANUFACTURING PRODUCTION AT 91% OF PRE-PANDEMIC RATES
In the last two weeks, global manufacturing production has continued to climb, reaching 91% of pre-pandemic rates of activity as of August 2. As reported last month, activity in 2020 (indicated by blue line, below) continues to resemble trends seen in 2019 (see orange line, below). However, not all regions are experiencing the same rate of growth. A variety of different influencers are impacting the activity within plants in specific countries.
Read more...