The Global Manufacturing Purchasing Managers Index in March was 57.8% and remained above 50% for 9 consecutive months
China Federation of Logistics and Purchasing today (6th) released the March Global Manufacturing Purchasing Managers Index.
The overall index changes, the growth rate of the global manufacturing industry continues to accelerate compared with the previous month, and the recovery of the global economy further strengthens.
The Global Manufacturing Purchasing Managers Index in March was 57.8%, an increase of 2.2 percentage points from the previous month, and remained above 50% for nine consecutive months. The last two consecutive months have been rising month-on-month.
In terms of subregions, the growth rate of manufacturing in all continents has accelerated compared with the previous month. The purchasing managers' index of manufacturing in Asia and Africa increased slightly, and the purchasing manager's index of manufacturing in Europe and the Americas rose more significantly than last month.
The overall index changes, the growth rate of the global manufacturing industry continues to accelerate compared with the previous month, and the recovery of the global economy further strengthens.
Analysis believes that the main reason for the accelerated growth of the manufacturing industry is the continuous active promotion of vaccines in countries around the world, which has boosted market confidence.
The continuation of expansionary fiscal policies and loose monetary policies in major advanced economies has also stimulated the growth of manufacturing demand.
In addition, the recovery of international trade, especially the increase in trade in goods, has increased market liquidity, improved the supply chain environment, provided important support for manufacturing growth, and promoted positive interactions in the global economy.
The acceleration of global manufacturing growth has also driven the market's expectations for the global economy to increase.
In its latest economic outlook report, the OECD forecasts that the economy will grow by 5.6% in 2021, which is 1.4 percentage points higher than the forecast in December last year.
The International Monetary Fund predicts that global trade will grow by 8.1% in 2021.
Experts said that at the same time, we must also see that in the current economic recovery process, there are still some uncertain factors, including the impact of the rebound of the epidemic on the global economy, and the short-term impact of the blockage of the Suez Canal on global shipping logistics, which may lead to global trade costs. Increasing, production interruption of some enterprises, rising prices and other issues.
In addition, the increased global inflationary pressure brought about by the loose monetary policies of various countries may cause certain negative effects on developing countries and bring hidden dangers to the global economic recovery.