China News Service, Beijing, April 6 (Reporter Ruan Yulin) Data released by the China Federation of Logistics and Purchasing on the 6th showed that the global manufacturing purchasing managers index (PMI) in March was 50.3%, an increase of 1.2 percentage points from the previous month, ending After operating below 50% for 17 consecutive months, it has returned to the expansion range above 50%.
In terms of regions, in March, the Asian manufacturing PMI was 51.6%, an increase of 1.3 percentage points from the previous month. The increase was wider than the previous month, indicating that the growth rate of the Asian manufacturing industry has accelerated based on the stable growth in the previous two months. Changes in data show that Asia’s manufacturing growth continues to lead other regions. In March, the European manufacturing PMI was 48.4%, an increase of 0.4 percentage points from the previous month, and a month-on-month increase for three consecutive months. In the first quarter, the European manufacturing industry maintained a recovery trend, but the recovery was still weak.
In March, Africa's manufacturing PMI was 49.3%, down 0.5 percentage points from the previous month, indicating that the growth rate of Africa's manufacturing industry slowed down from the previous month, but still maintained a relatively stable recovery trend. During the same period, the manufacturing PMI of the Americas was 50.6%, an increase of 2 percentage points from the previous month, ending the 16 consecutive months of operating below 50%, indicating that the recovery of the manufacturing industry in the Americas has increased. Among them, the U.S. manufacturing PMI was 50.3%, an increase of 2.5 percentage points from the previous month, showing signs of recovery in the U.S. manufacturing industry.
According to the analysis, in the first quarter, the average global manufacturing PMI was 49.6%, higher than the average level of 47.9% in the fourth quarter of last year. Changes in the comprehensive index show that in the first quarter, the global economy showed signs of stability and upward trend. In March, the global manufacturing industry continued to accelerate its recovery based on the stable recovery in the previous two months. In the later period, the recovery intensity of global market demand is the endogenous foundation for the recovery of the global economy. It is necessary to continue to observe the subsequent trend of new orders index in manufacturing in various countries. Driven by signs of improvement in the global economy, countries around the world should return to the main tone of multilateral cooperation to better promote the continued recovery of the global economy. (over)