Manufacturing Data Improves Outlook: Wilkinson Bennings


03 Sep

(Submit Articles) Wilkinson Bennings reported that growing manufacturing numbers in America and abroad, easing fears that the global economy might be on the verge of a double dip recession.

The United States sector increased for a 12th consecutive month in August, coinciding with gains in Asian manufacturing and car sales. The recent data gave markets a boost, with investors overlooking negative reports on American car sales and construction spending.

China's continued growth raises hopes that it will increase its consumption of U.S. exports and help support the North American economic recovery. Companies with established distribution in India and China are best positioned to benefit.

American manufacturing has helped lead the economy out of the deepest recession since the 1930s as factories continued at a strong pace in August. American factories have seen strong demand for exports and from companies that are investing in capital equipment and supplies. That has strengthened the economy at a time of uncertainty for the recovery.

Wilkinson Bennings believes that the information within this release is accurate as at the date of publication. We cannot guarantee the accuracy, suitability or completeness of any such information after this date. We accept no liability for any data transmission failures such as data loss or damage or alteration of any kind. Accordingly Wilkinson Bennings accepts no liability for any loss or damage arising from the use of any part of this release.

Estimates of future returns or indications of past performance in this release are for information purposes and should not be considered as a guarantee of future performance. Changes in currency exchange rates may have an adverse effect on the value or income. The level of tax benefits and liabilities will depend on individual circumstances and may be subject to change in the future.

Visit the Author's website: http://wilkinsonbennings.com


Tags: , , , , , ,