Temporary pullback in world manufacturing output
Tag

Covid

Feb 26

Vaccine optimism boosting global production

By Press
FOR IMMEDIATE RELEASE MONTREAL, QC, February 26, 2021 (Press Release) –Numera today released the latest update of its Global Industrial Tracker, which points to weakening but positive output growth early in 2021. However, we expect industrial activity to accelerate during the summer months as higher vaccination rates lift demand for consumer goods. Global industrial production grew 1.2% month-over-month in December. The strong performance primarily reflected strong growth in China and the United States. Production in China continues to benefit from…
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Feb 11
Industrial Production

Oil ‘bull’ run to continue

By Articles
The February 2021 edition of our Commodity Market Outlook focuses on crude oil, covering recent market developments and our pricing outlook over the coming year. As usual, we also provide an update on our latest views on broad commodity markets.
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Jan 26

Vaccine optimism propped up global production in late 2020

By Press
FOR IMMEDIATE RELEASE MONTREAL, QC, January 26, 2021 (Press Release) – Numera today released the latest update of its Global Industrial Tracker, which reveals that global production accelerated in late 2020 even as mobility weakened. World industrial output increased 0.6% month-over-month (MoM) in November, even as growth weakened in advanced economies in response to tighter control measures. Our revised estimate for December points to a strong 1.3% gain versus November, buoyed by sturdy output growth in China and the United…
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Jan 21

World manufacturing remains resilient as 2021 begins

By Press
FOR IMMEDIATE RELEASE MONTREAL, QC, January 21, 2021 (Press Release) – Numera today released the latest update of its Global Manufacturing Tracker, which shows factory output remains resilient to the second wave. World manufacturing expanded 0.6% MoM in November, in line with last month’s advance estimate, as factories were largely spared from tightened control measures at the consumer level.
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Dec 23

Global industrial activity shows resiliency to ‘second wave’

By Press
FOR IMMEDIATE RELEASE MONTREAL, QC, December 23, 2020 (Press Release) – Numera today released the latest update of its ‘Global Industrial Tracker’, which shows that global industrial production has been surprisingly resilient since the onset of the ‘second wave’. Industrial growth exceeded expectations in October, rising 0.9% month-over-month (MoM), 0.5 points higher than anticipated last month based on preliminary data. Perhaps surprisingly, much of this improvement reflected above-trend growth in Western Europe (+1.6% MoM), which is explained by the fact…
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Dec 18

World manufacturing production nearing a standstill

By Press
FOR IMMEDIATE RELEASE MONTREAL, QC, December 18, 2020 (Press Release) – Numera's advance estimates for global manufacturing reconfirm growth is coming to a standstill. While prospects of mass vaccinations have improved the economic outlook for 2021, public health risks remain elevated in much of the Northern hemisphere. Our revised estimate for November reveals growth in factory output of 0.7% MoM (+0.8% YoY), considerably weaker than the 1.2% average pace of growth recorded over the three previous months. Output growth will…
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