China Federation of Logistics and Purchasing today (6th) announced the September global manufacturing purchasing managers index. Changes in the index show that the global manufacturing purchasing manager index has declined for four consecutive months, and the global economy will continue to maintain a low-speed growth trend.
The global manufacturing purchasing managers' index in September was 50.3%, a decrease of 0.6 percentage points from the previous month, a month-on-month decline for the fourth consecutive month and a new low since July 2020.
In terms of sub-regions, in September, the growth rate of manufacturing in Europe and the Americas continued to slow down, and the purchasing managers' indices showed a continuous downward trend, and the decline of the Americas' manufacturing PMIs expanded from the previous month; the African manufacturing PMIs continued to decline. After rising to 50% last month, it fell below 50% again; the growth rate of manufacturing in Asia was relatively stable, and the purchasing manager index rose slightly from the previous month.
In the first three quarters of this year, the growth rate of the global manufacturing industry showed a gradual slowdown trend, and the growth rate in the third quarter declined rapidly. The average global manufacturing purchasing managers' index in the third quarter was 50.8%, down 3.8 and 2.2 percentage points from the average in the first and second quarters, respectively. The current global manufacturing purchasing managers index has dropped to a relatively low level, which means that the global economy will continue to maintain a low-speed growth trend.
Deputy Director of the Economic Policy Committee of the Chinese Society for Policy Science Xu Hongcai : The global manufacturing PMI has continued to fall, reflecting from one aspect that the current world economy is facing huge downward pressure. The aggressive interest rate hike policy adopted by the United States has had a negative spillover effect on the global financial system, and the financial systems of some fragile emerging economies have experienced violent shocks; the world economy is full of uncertainty, and the global stagflation and economic recession have Risks are rising.
experts said that the triple effects of the spillover effect caused by the continued interest rate hikes in the United States, the energy crisis caused by geopolitical conflicts, and the epidemic that has not yet been eliminated, have increased the operating costs of the global economy and increased the cost of the global industrial chain. The instability has increased the difficulty of global economic recovery. (Headquarters CCTV reporter Wang Shantao)
