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Manufacturing insights Manufacturing decline is now expected in 2024 rather than 2026. The Americas enjoyed a strong year for manufacturing growth in 2022, but labor shortages continue to hamper US manufacturers. Chinese manufacturing economy gets back on its feet after a turbulent period. In 2022, U.K.
Machinery sectors have performed better than the manufacturing sector overall, and despite current challenges the next global downturn for manufacturing is not expected until late 2025 or early 2026. The next manufacturing downturn is expected in 2026, but to a lesser extent than in 2020. in 2022, compared to 3.3%
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