
The manufacturing industry has shown signs of recovery in many countries: in China industrial output registered an upward trend, with a 6.9% advance in the month of September compared to the corresponding period in 2019, and the GDP in the third quarter grew by 4.9% on an annual basis, spurred by both increased output and consumer spending and a stronger performance on the part of the service sector.
It is important to note that the Container Throughput Index rose to 116.1 in the month of August (115.2 in July), whilst exports spiked to 9.9%, compared to 9.5% in August and 7.2% in July (General Administration of Customs). The United States, where from February to April output dropped by -16.5%, ...