Asian manufacturing PMI was 51.6% in February, Asian manufacturing growth slowed down

　　China News Service, Beijing, March 6 (Reporter Ruan Yulin) According to data released by the China Federation of Logistics and Purchasing on the 6th, in February 2022, the Asian Manufacturing Purchasing Managers Index (PMI) fell slightly by 0.3 percentage points from the previous month to 51.6% , indicating that the growth rate of Asian manufacturing has slowed down from the previous month.

　　In February, the Asian Manufacturing Purchasing Managers' Index (PMI) edged down by 0.3 percentage points from the previous month to 51.6%.

Affected by the epidemic, the growth rate of manufacturing in Japan, Indonesia and Hong Kong has slowed down significantly from the previous month, dragging down the overall growth rate of Asian manufacturing.

The fluctuations of the manufacturing PMI of other major countries were relatively stable.

China's manufacturing PMI was 50.2%, an increase of 0.1 percentage points from the previous month, and remained above 50% for four consecutive months, indicating that China's economy remained stable.

Despite the impact of the epidemic, Asian economic growth has remained relatively resilient.

　　According to the analysis, Morgan Stanley's chief economist expects Asia's gross domestic product (GDP) to grow faster than the Americas and Europe in the next two years.

The advancement of the Regional Comprehensive Economic Partnership (RCEP) is expected to improve the trade environment in Asia, reduce trade costs, and enhance the convenience of regional trade in Asia.

However, it should also be noted that the looser monetary policy in the Asian region is being tested by global inflationary pressures.

　　In February, the global manufacturing PMI was 54.9%, a slight increase of 0.2 percentage points from the previous month, and remained above 54% for two consecutive months.

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