Global business directory of manufacturing plants and depots that make products from raw materials and provide industry with parts and complete products for shops.
Moody's revised the outlook for the global manufacturing industry to stable from negative over the expectations of a strong economic recovery from the coronavirus crisis in 2021.
The outlook revision reflects an EBITDA growth forecast of 8% in 2021 following double-digit declines in 2020,
While there are still many risks and uncertainties about how the pandemic will ultimately resolve, the sector appears to have overcome the worst of the coronavirus-induced recession and is on a path to recovery, assuming no recurrence of a second wave of infections and renewed lockd owns.
Moody's said the global manufacturing operating environment should gradually improve amid a rebounding economy and improving market sentiment.
