Even the strong manufacturing sector is starting to be affected by the surge in the virus.

The virus continues to spread. More parts of the country are shutting down. These partial shutdowns are affecting the services sector more than any other. However, even the sectors exhibiting strength are being affected. The manufacturing sector has been strong as companies attempt to ramp up output to meet current demand and rebuild inventories. This sector is starting to run into barriers. Manufacturers reported difficulty increasing production in November as they reconfigure factories, experience absenteeism and shut down production to sanitize facilities.

 

PROBANK AUSTIN ADVISOR - DECEMBER 7, 2020