Rebound in Q2 earnings gives Honeywell, GE reason for optimism in global economy

Honeywell and General Electric both reported a rebound in their second-quarter earnings in China, Europe and the U.S., prompting the manufacturers to consider that better days may be coming in global manufacturing. However, the companies clarified that this bullish result cannot be taken as a sure sign of global economic recovery. "We are not making a call on the global macroeconomy, but we saw some good economic activity," said GE Vice Chairman Keith Sherin. "Maybe some things have bottomed a bit."

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