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Global manufacturing up


WINNER: Rays fans

Team announces a new flex pass that offers game and concession discounts. New catwalk will improve views at Tropicana Field.

LOSER: Port of Tampa

Soaring construction costs put $120 million NexLube oil reprocessing facility on hold. It was to open next year.

Bucking fears of a sharp brake on growth after the government shutdown in the United States and earlier signs of distress in Europe and Asia, global manufacturing activity sped up in November, raising hopes for a broader global economic turnaround in the coming year. In the United States, factories operated at the most robust pace since the spring of 2011. Separate surveys from Europe and China also offered encouraging signs. Experts attributed the rebound in the United States to demand from the construction sector and rising exports. Overseas, German factories helped push manufacturing in Europe forward, while China showed unexpected strength. Said Tal Shapsa, a Barclays economist: "The recovery is gradual and isn't spectacular, but in an environment of fiscal headwinds, it looks good."

— New York Times

Looking ahead: Unemployment report comes out Thursday.

Global manufacturing up 12/06/13 [Last modified: Friday, December 6, 2013 3:42pm]
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