Global Manufacturing and Service Sectors Show Signs of Recovery
Economic indicators across Japan, China, the UK, the US, and India highlight a shift towards recovery, driven by increased demand and business confidence.
- Global manufacturing sectors show signs of recovery with Japan and China leading the way, marking significant growth in service and factory activity.
- The UK manufacturing sector ends a 20-month downturn, driven by a surge in domestic orders, indicating a tentative recovery.
- US manufacturing activity expands for the first time since 2022, suggesting a delay in recession fears to 2025.
- India's manufacturing growth hits a 16-year high, driven by accelerating demand and increased hiring, ahead of the general election.
- Economic indicators suggest a global shift towards recovery, with increased business confidence and demand across major economies.