Most global manufacturing economies experienced a strong year of expansion with growth in new orders, increased output and growing export demand despite input cost pressures, inflation and political uncertainty in some countries. The Eurozone economy had the strongest close to 2017 in 7 years with a revival in business confidence for 2018 and less political uncertainty over populist movements. Despite some uncertainty over cost inflation, the US economy also reported a positive close to 2017 favoring manufacturing over services, signaling optimism for 2018. Overall, the trends point towards another positive year in 2018 for manufacturing and global economic expansion.
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