WASHINGTON—American factories grew in December at the fastest pace in more than two years as manufacturing continued to weather the pandemic better than the battered services sector. The Institute for Supply Management reported Tuesday that its gauge of manufacturing activity rose to 60.7 percent last month, the highest reading since it stood at 60.8 in…
Factories Bounce Back From Covid-19 Hit, Tighter Controls Cloud Outlook
January 4, 2021
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Businesscoronavirus pandemicCOVID-19economic recoveryEconomiesglobal economylockdownsmanufacturingvaccination
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Manufacturers across Europe ended 2020 on a high while Asian factory activity expanded moderately thanks to increased demand in China, surveys showed, but the prospect of tougher coronavirus curbs clouded the outlook for the recovery. Despite hopes that vaccination programs being rolled out will eventually quell the virus, a resurgence of infections is forcing many…
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