Manufacturing sector slows Q2 spending, Q3 outlook more promising

While the manufacturing sector slowed its overall investment during the second quarter of the year, there are indications of a recovery in the third quarter, new data released by the Manufacturing Circle suggests. The latest Manufacturing Composite Investment Tracker (MCIT) shows continued – albeit decelerated – investment by the sector into the plant and equipment, research and development and human capital subindices, with the composite index dropping five points to 58 during the quarter under review.