Global Manufacturing Surges Back, Key US Index at Highest Since 2004

Global Manufacturing Surges Back, Key US Index at Highest Since 2004

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abengoa-bioenergy.jpgManufacturing activity soared around the world in January, according to surveys released yesterday that will bolster the hopes of a strong global recovery.

In the US, the Institute for Supply Management index – a key measure of industrial activity – rose from 54.9 to 58.4, its highest level since August 2004 and well ahead of economists’ expectations.

The key components of the index – production, employment and new orders – all increased, offering significant assurance that the manufacturing sector is in recovery.

(Continue reading in the Financial Times)

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