The China Federation of Logistics and Purchasing today (6th) released the global manufacturing purchasing managers' index for February.
The index exceeded 49% for two consecutive months, and the global economic recovery was stable.
Judging from the index change, in the first two months of this year, the recovery of the global manufacturing industry was relatively stable, but it still maintained a low growth pattern.
The global manufacturing PMI was 49 in February1%, down 02 percentage points, stable at more than 49% for two consecutive months, higher than 47 in the fourth quarter of last year9% average.
Cai Jin, vice president of China Federation of Logistics and Purchasing: From the perspective of the global manufacturing index, it is relatively stable, but it also reflects that there are still many uncertain factors, and the overall operation of the global economy is still relatively weak.
Experts said that the global economy still maintains low growth, mainly due to geopolitical conflicts that continue to interfere with the global industrial chain, resulting in a certain degree of global obstruction. In addition, the impact of friction on the global economy continues. The world's major institutions generally expect global economic growth to remain around 3% in 2024.
Experts suggest that countries around the world should strengthen cooperation to strengthen the resilience of the global industrial chain and chain, jointly enhance the endogenous driving force of global economic growth, and promote the recovery of the global economy.
Xu Hongcai, deputy director of the Economic Policy Committee of the Chinese Society for Policy Sciences: The traditional investment and other economic activities are gradually active and recovering positive growth, and all countries should take advantage of the trend to expand economic and trade cooperation and expand opening up, and at the same time should organically combine the short-term counter-cyclical adjustment policy with the medium and long-term structural optimization and upgrading and reform policy, and innovative policy, cultivate new momentum for economic growth, and promote the steady recovery of the global manufacturing industry and economy.
Asia's manufacturing sector continues to expand Africa, Europe, and the Americas are below 50%.
In terms of sub-regions, the manufacturing PMI in Asia remained above 50%, and the manufacturing PMI in Africa, Europe and the Americas was below 50%.
Asia's manufacturing PMI was 50 in February3%, which remained above 50% for two consecutive months, and the Asian manufacturing industry maintained a steady growth trend. The Asian Manufacturing Purchasing Managers' Index (PMI) trend shows that the stability of the Asian manufacturing sector is still better than that of Europe, the Americas and Africa.
Experts said that the continuous promotion of the Regional Comprehensive Economic Partnership (RCEP) is conducive to enhancing the degree of economic integration in Asia and promoting economic stability in Asia. The steady recovery of the economies of China and India is still an important force for economic stability in Asia, especially China's support for the Asian and world economies is still very obvious.
Cai Jin, Vice President of China Federation of Logistics and Purchasing: It should be said that the global economic situation, Asia is still performing well, and the purchasing managers' index is above 50%. The development of the Asian economy has played a very good role in driving the global economy as a whole and has effectively promoted the recovery and development of the global economy.
Africa's manufacturing PMI was 49 in February8%, up 08 percentage points, indicating that the growth rate of Africa's manufacturing industry has accelerated from the previous month. From the perspective of major countries, South Africa's manufacturing industry recovered significantly from the previous month, and the manufacturing purchasing managers' index rose to more than 51%.
The European manufacturing purchasing managers' index was 48% in February, up 08 percentage points, rising month-on-month for two consecutive months, showing that although the European manufacturing industry is still at a low level, it is showing signs of continuous recovery. From the perspective of major countries, the manufacturing purchasing managers' index of the United Kingdom, France, Italy and Spain all achieved a month-on-month increase for two consecutive months, and the manufacturing purchasing managers' index of Germany decreased significantly from the previous month.
The Americas Manufacturing Purchasing Managers' Index was 48 in February6%, down 1 percentage point from the previous month, ending two consecutive months of month-on-month upward trend, and the recovery of the manufacturing industry in the Americas has weakened. Major country data show that the US manufacturing PMI is 478%, down 1. from the previous month3 percentage points, the recovery of the U.S. manufacturing industry has weakened.