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Strong recovery in the global manufacturing industry in March
UK factory activity benefited from the rise in imports, driven by Europe. British manufacturing output showed the fastest growth since 1994. Meanwhile, France and Germany, led by euro-zone manufacturing output in nearly four years, the strongest growth.
U.S., China and Europe, manufacturing output is at a record pace. Factories around the world are driving the global economic recovery. Number of new data.
Institute for Supply Management (ISM data showed U.S. factory output in March the first eight months of consecutive growth, the growth rate was the fastest since July 2004, and has helped stocks rise unexpectedly, closely watched ISM index 56.5 in February rose to 59.6 in March than economists forecast. inventory levels have been declining over the past four years. ISM reading above 50 means that the economic expansion.
Some markets, employment and new orders data also show signs of growth. Customer orders surged 50% Supply Management Association, 席诺伯特奥尔 (NorbertOre said the manufacturer to increase inventory, because he expected economic activity will tend active.
Capital economy (CapitEconom senior U.S. economist Paul 罗阿什沃思 (PaulAshworth said. Overall, the index close to 60 with just over 5% of the very strong annual rate of GDP growth coincide. For the entrance of the factory sector is significant due to rebound in world trade, and more dependent on domestic sales of other sectors are still struggling.
Manufacturing activity also surged, the first three months of this year in China to a record pace, thanks to global demand and a rebound in domestic consumption. According to latest data released Thursday, the Chinese marketing managers index rose from 55.8 in February to 57 March. A number of Asian economies is difficult to catch up with the level of China's manufacturing strength. South Korea, India and Australia are still monthly decline in factory output. However, Taiwan and Japan factory output increased, however. China and Southeast Asia due to increased demand in other countries.