Companies around the world are becoming more confident that the recovery will last and only a small minority expect their output and opportunities to fall in the coming year.
Manufacturing groups are particularly upbeat, with three times as many companies expecting increased activity for every one that fears activity will fall. This positive balance, of 50.9 per cent, is almost matched in the services sector, with 44 per cent more companies expecting activity to rise than those expecting a contraction.
The results come from a global survey of 11,000 companies, drawn from the panel that takes part in monthly purchasing managers' indices.
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