China News Service, Beijing, November 6 (Reporter Ruan Yulin) China Federation of Logistics and Purchasing released data on the 6th, showing that the global manufacturing PMI (Purchasing Manager Index) was 54.5% in October, which remained above 50% for 4 consecutive months.

According to the analysis, the global manufacturing industry continued the recovery trend in October, but the global recovery process may still be disrupted by the continued effects of the epidemic.

　　Data show that the global manufacturing PMI in October 2020 was 54.5%, an increase of 1.6 percentage points from the previous month, and remained above 50% for four consecutive months.

The manufacturing PMI of Asia, Europe, America and Africa all increased to varying degrees from the previous month, and the index remained above 50%.

　　In October, the European manufacturing PMI rose by 0.6 percentage points from the previous month to 53.4%, stabilizing above 51% for four consecutive months.

The leading German manufacturing PMI rose to a relatively high level of over 58%. The manufacturing PMI of France, the United Kingdom and Italy all increased to varying degrees from the previous month. Although the manufacturing PMI of the United Kingdom has corrected, it remains above 53%. .

　　The analysis believes that the index changes show that the global manufacturing industry continues the recovery trend, and the recovery speed has accelerated compared with last month.

The driving force of the global economic recovery comes from the strong stimulus policies of various countries and the gradual control of the epidemic.

However, the number of new coronavirus infections in Europe and the United States showed signs of rapid recovery at the end of October. Major European countries have announced that they will strengthen prevention and control efforts and adopt a new round of blockade measures.

Although they are all trying to avoid a complete economic shutdown as much as possible, its short-term impact on the global economic recovery cannot be ignored. The global economy will face downward pressure, and the degree of downward pressure depends on the extent of the outbreak and the degree of blockade by countries.

　　The World Trade Organization report pointed out that although global trade has shown signs of rebounding from the deep recession triggered by the epidemic, the global recovery process may still be disrupted by the continued effects of the epidemic.

　　According to the analysis, under the normalization of epidemic prevention and control, countries around the world should continue to maintain strong economic stimulus, and at the same time, they must closely strengthen cooperation, and on the basis of effectively defeating the epidemic, jointly promote the coordinated development of the world economy and maintain the world industrial chain. And the stability of the supply chain can better realize the stable recovery of the world economy.

(Finish)