Why was the secondary sector increaseing in 2008?

Answer 1

The secondary sector was increasing in 2008 primarily due to heightened demand for manufactured goods and construction, driven by economic expansion in various regions. Additionally, low-cost labor markets in developing countries attracted investment in manufacturing, leading to increased production capacities. However, this growth was also influenced by rising commodity prices and the housing boom in some economies, which boosted industries related to construction and durable goods. However, this trend was soon affected by the global financial crisis later that year.