Week 19 in Manufacturing News
Preparing for an American Manufacturing Renaissance; UK Manufacturing Production Jumps by 2.1% MoM in March vs. 1.0% Expected; German Manufacturing Demand Soars, Challenged by Supply Constraints; The Australian Budget: What’s in it for the Food Sector?
Preparing for an American Manufacturing Renaissance
America’s manufacturing sector is poised for a comeback, creating a long-awaited opportunity for those investing in industrial real estate. Industrial real estate as an asset class has been among the most resilient during the pandemic, and, with the global economy prepared to catch up from delays, investors in the space are sure to benefit.
UK Manufacturing Production Jumps by 2.1% MoM in March vs. 1.0% Expected
The Office for National Statistics (ONS) published the UK industrial and manufacturing production data on Wednesday, suggesting that Britain’s industrial sector is well on the recovery path after a covid lockdown-induced hit.
Manufacturing output arrived at 2.1% MoM in March versus 1.0% expectations and 1.5% booked in February while total industrial output came in at 1.8% vs. 1.0% expected and 1.0% last.
German Manufacturing Demand Soars, Challenged by Supply Constraints
German chemicals producers’ expectations rose in April, supported by an uptake in key downstream markets, according to the latest data from the Ifo Institute on Friday.
This reflected the institute’s indicator for overall manufacturing expectations, which rose from 30.2 points in March to 33.1 points in April – its highest level since 1991.
The Australian Budget: What’s in it for the Food Sector?
Australia’s agri-food sector is one of the winners from the Australian federal Budget 2021–22, with initiatives aimed to boost productivity across the food chain.
The government’s announcement has been largely well received by agri-food industry, with the National Farmers’ Federation (NFF) saying the Budget delivered “a shot in the arm for agriculture and regional Australia”.
However, questions still remain about the workforce shortages that wreaked havoc on pivotal fresh produce crops over the last year.
Source: Food processing