(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.
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