Factory output growth in March hits 10-year tall as fresh orders and employment expand at rapid paceCoronavirus – latest updatesSee all our coronavirus coverageFactories across the world reported surging orders in March as the rollout of Covid-19 vaccines accelerated and the $2tn of public investment announced by the Biden administration lifted confidence in a sustained global recovery.
The likelihood of interest rates remaining at historic lows, and the prospect of consumers unlocking some of the savings from last year in a rapid spending spree also underpinned the strength of the recovery from the shock of the pandemic and sent shares on US and German stock markets to record highs. Related: Biden unveils 'once-in-a generation' $2tn infrastructure investment plan Continue reading...
Source: theguardian.com