13.01.2025 • NewsMachine VisionAutomationMobile Automation

Mixed results in the global manufacturing industry at the end of 2024

The latest Manufacturing PMI report for December shows a mix of resilience and challenges in key global economies.

In North America, the US saw a marginal decline after experiencing a steep increase in the M-PMI since September. With Trump's second term in office and unforeseen policy changes, manufacturers' sentiment is retreating from the 50-point line. Canada continues to show steady growth and signals a stable expansion. A brightening of the economic climate in Canada is expected following the resignation of Prime Minister Trudeau. Mexico records a slight decline of 0.1 points and remains close to the neutral line. Brazil is included in the monitoring for the first time and continues to show growth above 50 despite a significant decline of 1.9 points.

These trends underscore the divergent developments among global economies, with emerging markets such as India and Taiwan leading the recovery while developed markets face ongoing challenges.

The annual production data (see Figures 2 and 3) show mixed results. The US is recovering slightly but remains negative, while the EU is slowing its decline. Japan is returning to positive territory, and Korea is showing significant growth after previous difficulties. China remains robust above 5 percent growth. India continues to show strong growth, while Mexico is experiencing deeper contractions. Germany tightens its contraction slightly, while Spain continues its recovery and Italy shows some stabilization.

Structural challenges in developed markets such as the EU and Japan remain a key concern, although Japan has returned to positive growth and the decline in the EU has become more moderate. The impact of Trump 2.0 on the US manufacturing industry is still uncertain.

In Asia, South Korea sees a steep decline of 1.6 points and falls into contraction territory. Japan recovers slightly to 49.6, while Taiwan shows the strongest rebound in the region with an increase of 1.2 points. China plans to issue Chinese ID cards to Taiwanese citizens, which could affect the economic situation on the island. Vietnam slips into contraction, signaling challenges after months of stability.

In Europe, Spain continues to exceed expectations with a slight improvement. Germany and Austria show modest improvements but remain deep in contraction territory. France struggles with increasing economic challenges and political unrest. Italy shows less pessimistic sentiment with a notable improvement of 1.7 points.

Company

Vision Markets GmbH

Ganghoferstr. 13
82291 Mammendorf
Germany

Company contact







SPS Atlanta

A New Era of Smart Manufacturing Begins

A New Era of Smart Manufacturing Begins

The inaugural SPS – Smart Production Solutions Atlanta starts soon, marking a significant milestone in the evolution of the SPS brand

PhotonicsViews

PhotonicsViews September 2025 available now!

PhotonicsViews September 2025 available now!

The new issue of the PhotonicsViews is available. Read the September 2025 issue for free as PDF or E-Paper.

most read

Photo
07.07.2025 • News

Quantum technologies on the rise

World of Quantum 2025 in Munich recorded impressive growth with 160 exhibitors from 16 countries and over 22,000 visitors from 41 countries.

Photo
10.06.2025 • NewsMachine Vision

The winners of the inspect award 2025

This time, with two additional categories, “SMEs” and “Artificial Intelligence,” the selection was even larger than usual. But now they have been chosen: the machine vision products of the year 2025.