Global Macro Service > Research Briefings > United States

The changing face of manufacturing’s rebound in 2021

US manufacturing activity is currently above pre-coronavirus levels, marking the fastest and strongest recovery in the past 60 years. A durable goods snap-back in the latter half of 2020 powered the rebound, while nondurables recovered more slowly. With manufacturing output now above its pre-recession level, we anticipate the recovery dynamics will flip this year, with growth in nondurables taking the lead.

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