Industry continues to recover from the first wave despite all of the second wave problems that the economy is currently facing. At the moment, production is less than one percent below pre-coronavirus levels, which is a remarkable feat in and of itself. Especially encouraging was the strong surge in capital goods production, which leapt by 7% month-on-month. While investment has been very weak over the course of 2020, this is an encouraging sign for the end-of-year performance. The quick recovery in demand for goods after the first wave, together with the continued recovery of export demand, has helped industry to ... (full story)