April 08, 2019 Source: People's Network

China Federation of Logistics and Purchasing announced on the 6th that the global manufacturing PMI in March was 51.7%, a slight increase of 0.2 percentage points from the previous month. The comprehensive index changes, the current global economy continues to grow moderately, but the index level has decreased compared with last year, and the overall trend has remained steady and slow. China's manufacturing PMI has rebounded significantly, up 1.3 percentage points from the previous month to 50.5%, returning to the expansion range.

In March, the Asian manufacturing PMI returned to more than 50% and continued to maintain moderate growth. Emerging market countries represented by China still have great development potential. After the Spring Festival, the Chinese market has returned to normal track, market demand has increased, enterprise production has expanded, procurement has become more active, and prices of raw materials and finished products have risen. The production and operation activities of small and medium-sized enterprises have risen, and new kinetic energy has continued to develop steadily. Judging from the trend of manufacturing PMI in the first quarter, after entering March, the positive factors in the Chinese market were obviously released, and the economic stability was better.

The European manufacturing PMI fell for the fourth consecutive month, falling below the 49.9% glory line, down 0.5 percentage points from the previous month. The manufacturing PMI of the Americas increased by 0.6 percentage points from the previous month to 54.5%, indicating that the manufacturing growth rate has accelerated from last month. In the month, except for the United States, the manufacturing PMIs of other major countries have different degrees of correction. The continued recovery of the US manufacturing industry led to a slight acceleration in the growth rate of the manufacturing industry in the Americas. The Australian manufacturing PMI ended the chain for two consecutive months, down 3 percentage points from the previous month to 51%, indicating that the manufacturing growth rate has slowed down from last month. The African manufacturing PMI was 50.7%, down 0.4 percentage points from the previous month.