The manufacturing industry is starting to see positive numbers around the world, despite continuing global economic problems. The United States, India, China, and Europe are starting to see some growth, although the not all of the European manufacturing industry is on the up and up. It turns out that global manufacturing has managed to do well despite the Eurozone crisis and global economic woes, but time will tell if global manufacturing can continue to make improvements as economic conditions are projected to remain the same.
After the eurozone debt crisis and the sluggish economy in the U.S. hit Asia’s export economies harder, South Korea and Taiwan saw a slowdown in their manufacturing activities. Manufacturing in South Korea contracted for a fifth straight month and Taiwan contracted in a fifth consecutive month and in Taiwan, manufacturing contracted for the seventh consecutive month.