China News Service, Beijing, April 6 (Reporter Ruan Yulin) According to the China Federation of Logistics and Purchasing released on the 6th, the global manufacturing Purchasing Managers Index (PMI) in March 2022 was 54.1%, down 0.8 percentage points from the previous month. It fell by 3.7 percentage points in the same period last year, showing that the growth rate of global manufacturing has slowed down under the dual influence of the epidemic and geopolitical conflicts.
Data showed that the global manufacturing PMI was 54.1% in March, down 0.8 percentage points from the previous month and 3.7 percentage points from the same period last year.
In terms of sub-regions, in March, the European manufacturing PMI was 55.3%, down 1.6 percentage points from the previous month.
The Americas Manufacturing PMI fell 0.8 percentage points from the previous month to 56.6%.
The African manufacturing PMI fell by 2 percentage points from the previous month to 50.8%, indicating that the recovery speed of African manufacturing has slowed down from the previous month.
The Asian manufacturing PMI was 51.2%, a slight drop from the previous month for 4 consecutive months, indicating that the growth rate of Asian manufacturing has continued to slow down.
The analysis shows that the index changes show that under the dual influence of the epidemic and geopolitical conflicts, the growth rate of the global manufacturing industry has slowed down, and it is facing the pressure of supply shocks, demand contraction and weakening expectations in the short term.
From the perspective of supply, geopolitical conflicts have exacerbated supply shocks originally caused by the epidemic. The rise in the prices of bulk raw materials, mainly energy and food, has increased inflationary pressures and increased supply cost pressures.
From the perspective of demand, the decline in the global manufacturing PMI to a certain extent reflects that demand contraction is a common problem facing the world in the short term.
Analysts believe that the downward pressure brought by the dual impact of the epidemic and geopolitical conflicts on the global economic recovery cannot be ignored, and many international institutions have lowered their forecasts for global economic growth this year.
The key to sustained global economic recovery is openness, cooperation and inclusive development.
Regional cooperation represented by the Regional Comprehensive Economic Partnership (RCEP) and the African Free Trade Area is a model for strengthening multilateral cooperation, and its gradual advancement will help promote world economic and trade cooperation and development.
(over)