By SIMON CONSTABLE
If anyone is looking for bad economic news these days, it’s not too hard to find. In the United States and Europe, gross domestic product numbers this past quarter were stunningly bad, perhaps none more than the 20% or so fall the United Kingdom is expected to report this week.
But that was last quarter. According to some little-noticed results, the all-too-critical manufacturing sector appears to have turned the corner. During July the factory sector grew in the US and in all three of Europe’s largest economies. Indeed, under one well-followed metric, the US, the UK, Germany, and France show that all four countries are now in “expansion” territory—after months of being in contraction from the pandemic earlier this year. “I am quite optimistic that this is for real,” says Yannick Binvel, Korn Ferry’s president of global industrial markets. Read more here.
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