Associated Industries of Missouri

The Voice of Missouri Business®

Since 1919

NAM: Global Manufacturing Economic Update

The World Bank predicts that the world GDP will grow by 4.0% in 2021, bouncing back after declining 4.3% in 2020. With that said, global output will remain 5.0% below pre-pandemic levels by the end of this year. While COVID-19 and its spread remain downside risks to the economic outlook, the prospects of a vaccine and a return to “normalcy” in spending and activity should help the overall recovery.

Manufacturing added 38,000 workers in December, rising for the eighth straight month and making the sector one of the bright spots in an otherwise disappointing (but expected) report. Yet, the manufacturing sector lost 557,000 workers in 2020, the largest annual decline since 2009 and ending three years of gains.

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AIM'S Chairman's Council Members

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There's a reason why some of the biggest employers in Missouri are members of Associated Industries of Missouri. As Missouri's oldest, statewide business association, it is our duty to fight on behalf of business in the capitol. That's a job we've done for more than 100 years.

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Thank you to our

Circle of Elite Organizations!

Anheuser-Busch InBev

Spire, Inc.

The Boeing Company

BNSF Railway

Deere & Company

MasterCard

Lafargeholcim

Altria Client Services, Inc.

Peabody

Missouri Broadcasters Association

Missouri Employers Mutual

SSM Health

Evergy

Enterprise Holdings

Ford Motor Company

AMeren Missouri

The Doe Run Company

Jost Chemical Company

Cerner Corporation

Missouri Enterprise

Google

Reynolds American, Inc.

Proud member of the

conference of state manufacturers associations (COSMA)