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 that public health authorities allowed factories to remain operational, while imposing restrictions at the consumer level.