(Bloomberg) — The world’s factories are powering along, providing vital support for economies as renewed virus restrictions in some countries take a toll on growth.
Indexes of manufacturing activity in the U.S., China and parts of Asia improved in November, and Germany saw solid expansion, according to reports on Tuesday. In South Korea, a bellwether for global trade, exports rose 4%, supported by surging demand for tech devices.
The JPMorgan Global Manufacturing PMI expanded at one of best rates in almost a decade. The composite index produced with IHS Markit increased for a seventh month, climbing 0.7 point to 53.7 as measures of output, new orders and export bookings all increased. The gauge of employment signaled expansion for the first time in a year.
The strength of trade activity in recent months is giving a lifeline to the