The global manufacturing PMI in February was 49.1%, and the global economic recovery is stable.

　　The China Federation of Logistics and Purchasing released the Global Manufacturing Purchasing Managers Index for February today (6th).

The index has exceeded 49% for 2 consecutive months, and the global economic recovery is stable.

　　Judging from index changes, in the first two months of this year, the recovery of the global manufacturing industry was relatively stable, but still maintained a low growth pattern.

　　The global manufacturing purchasing managers' index in February was 49.1%, down 0.2 percentage points from the previous month. It has remained stable above 49% for two consecutive months, higher than the average level of 47.9% in the fourth quarter of last year.

　　Cai Jin, Vice President of China Federation of Logistics and Purchasing: Judging from the global manufacturing index, it is relatively stable, but it also reflects that there are still many uncertain factors. The overall operation of the global economy In terms of performance, it is still relatively weak.

　　Experts said that the global economy still maintains low growth, mainly due to geopolitical conflicts that continue to disrupt global industrial and supply chains, resulting in global trade being blocked to a certain extent.

In addition, the impact of trade friction on the global economy continues.

Major institutions around the world generally expect global economic growth to remain around 3% in 2024.

　　Experts suggest that countries around the world should strengthen cooperation, strengthen the resilience of global industrial chains and supply chains, jointly enhance the endogenous driving force of global economic growth, and promote the recovery of the global economy.

　　Xu Hongcai, deputy director of the Economic Policy Committee of the China Policy Science Research Society: Traditional economic activities such as trade and investment are gradually becoming active and returning to positive growth. Countries must follow the trend, expand economic and trade cooperation, and expand opening up. At the same time, short-term countercyclical adjustment policies and Medium- and long-term structural optimization and upgrading, reform policies, and innovative policies should be organically combined to cultivate new driving forces for economic growth and promote the steady recovery of the global manufacturing industry and economy.

Asia's manufacturing industry maintains expansion, Africa, Europe and the Americas are below 50%

　　Looking at different regions, the Asian manufacturing purchasing managers' index remained above 50%, while the manufacturing purchasing managers' indexes in Africa, Europe, and the Americas were all below 50%.

　　The Asian manufacturing purchasing managers index in February was 50.3%, staying above 50% for two consecutive months. The Asian manufacturing industry maintains a steady growth trend.

The trend of Asia's manufacturing purchasing managers' index shows that the stability of Asia's manufacturing industry is still better than that of Europe, America and Africa.

　　Experts say that the continued advancement of the Regional Comprehensive Economic Partnership (RCEP) will help enhance the degree of economic integration in Asia and promote economic stability in Asia.

The steady economic recovery of China and India is still an important force in promoting economic stability in Asia. In particular, China's support for the Asian and world economies is still very obvious.

　　Cai Jin, Vice President of China Federation of Logistics and Purchasing: It should be said that Asia is still performing well in terms of global economic performance, with the purchasing managers index above 50%.

The development of the Asian economy has played a very good role in driving the global economy as a whole, and has effectively promoted the recovery and development of the global economy.

　　The African manufacturing purchasing managers' index in February was 49.8%, an increase of 0.8 percentage points from the previous month, indicating that the growth rate of the African manufacturing industry has accelerated compared with the previous month.

Looking at major countries, South Africa's manufacturing industry has recovered significantly from last month, with the manufacturing purchasing managers' index rising to above 51%.

　　The European manufacturing purchasing managers' index in February was 48%, an increase of 0.8 percentage points from the previous month. It has increased month-on-month for two consecutive months, showing that although the European manufacturing industry is still at a low level, it is showing signs of continued recovery.

From the perspective of major countries, the manufacturing purchasing managers' index of the United Kingdom, France, Italy and Spain all achieved month-on-month increases for two consecutive months, while the German manufacturing purchasing managers' index dropped significantly from the previous month.

　　The Americas Manufacturing Purchasing Managers Index in February was 48.6%, down 1 percentage point from the previous month, ending the two consecutive months of month-on-month upward trend, and the recovery of the Americas manufacturing industry has weakened.

Data from major countries show that the U.S. manufacturing purchasing managers' index was 47.8%, down 1.3 percentage points from the previous month. The recovery of the U.S. manufacturing industry has weakened.

　　(CCTV reporter Wang Shantao)