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Global Machinery Production Dips, U.S. Shows Promising Recovery

2/18/2025

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Summary

Story summary

Global machinery production fell by 2.1% in 2024, with a projected recovery of 3% in 2025.
Trade tariffs and industrial performance issues create uncertainty in the manufacturing sector.
Manufacturing growth forecasts are mixed for China, Europe, and the U.S.
The U.S. outlook shows improvement, aided by supportive policies from the Trump administration.

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Story summary

Global machinery production fell by 2.1% in 2024, with a projected recovery of 3% in 2025.
Trade tariffs and industrial performance issues create uncertainty in the manufacturing sector.
Manufacturing growth forecasts are mixed for China, Europe, and the U.S.
The U.S. outlook shows improvement, aided by supportive policies from the Trump administration.