The China Federation of Logistics and Purchasing announced today (6th) the global manufacturing purchasing managers index for August. The changes in the index show that the global manufacturing purchasing managers’ index in August has rebounded from the previous month, but it is still at a low level, and the global economy is in a weak recovery trend.
In August, the global manufacturing purchasing managers index was 48.3%, an increase of 0.4 percentage points from the previous month. It has risen month-on-month for two consecutive months, but the index is still at a low level of around 48%. The global economy is in a weak recovery trend and the overall tightening The overall environment has not changed, and demand contraction pressure still exists.
Xu Hongcai, deputy director of the Economic Policy Committee of the China Policy Science Research Association: The month-on-month increase for two consecutive months shows that the global manufacturing industry has begun to recover, but the overall upward momentum is still weak, the development of various regions is not balanced, and the overall momentum is insufficient. Weak demand is the current prominent contradiction. Especially in the context of the reshaping of the global supply chain and the increasingly complex game of great powers, the promotion of world trade, investment and the sustainable development of manufacturing in the future also depends on deepening cooperation and further opening up.
The World Trade Organization recently released the Global Goods Trade Prosperity Index at 99.1, an increase from 95.6 released in May, indicating that global trade activities have recovered.
Judging from the trend of new export orders in various countries, the new export order indexes of China, the United States, the European Union, Japan and other major countries remained at a low level in August.
From the perspective of the trade environment, trade frictions still occur from time to time, geopolitical risks still exist, inflationary pressures, financial market risks, debt risks and other uncertain factors are still many, and the global economy will continue the trend of low growth.
Asia continues to grow steadily while the Americas recover from weakness
In terms of regions, the manufacturing PMIs in Asia continued to rise, the manufacturing PMIs in the Americas and Africa remained below 50%, and the manufacturing PMIs in Europe continued their weak downward trend.
In August, the Asian Manufacturing Purchasing Managers Index was 50.7%, an increase of 0.2 percentage points from the previous month, and a month-on-month increase for two consecutive months, showing that the Asian manufacturing industry continued to grow steadily. From the perspective of major countries, China’s manufacturing purchasing managers’ index has risen for three consecutive months, further consolidating the positive recovery momentum, and China’s manufacturing industry has shown a sustained and stable recovery trend, providing important support for the steady growth of Asian manufacturing industries.
Wang Jingwen, director of the Macro Research Center of China Minsheng Bank Research Institute: China has been the most important source of global growth over the years. The recovery of China’s economy is also conducive to driving the global economy, especially the surrounding economies. Second, we are constantly expanding opening up, including the recent service trade fair and the 24 foreign investment regulations, which continue to open the door to foreign investment and have a certain driving effect on global imports.
In addition, the European manufacturing industry continued to operate weakly. In August, the European Manufacturing Purchasing Managers Index was 44.7%, which was below 50% for 13 consecutive months. In August, the American Manufacturing Purchasing Managers Index was 47.9%, an increase of 0.9 percentage points from the previous month, running below 50% for 10 consecutive months. According to data from major countries, the U.S. manufacturing industry is showing signs of weak recovery, and manufacturing production activities have resumed, but the demand side has not seen a significant improvement.
In August, the African Manufacturing Purchasing Managers Index was 49.4%, an increase of 0.3 percentage points from the previous month, ending two consecutive months of decline, but still below 50%, indicating that the decline in African manufacturing has slowed down.
Xu Hongcai, deputy director of the Economic Policy Committee of the China Policy Science Research Association: In recent days, the Beijing Fair for Trade in Services has also released a very positive signal. In the future, we can inject new energy into the manufacturing industry and economic development by deepening cooperation in the service industry. Kinetic energy, promoting mutually beneficial and inclusive development, injecting new impetus and vitality into the world economy.
(CCTV reporter Wang Shantao)
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责编：杨煜 ]
2023-09-06 07:47:00
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