Global Manufacturing Purchasing Managers Index 53.4% October global manufacturing slowdown

China logistics and purchasing Federation announced the 6 Global Manufacturing Purchasing Managers Index in October. The index has fallen year-on-month for two consecutive months, indicating that global manufacturing growth continues to slow and the trend of global economic recovery fluctuates. In October, the global manufacturing purchasing managers'index was 53.4%, down 0.9 percentage points from the previous month, a new low in the year. The index has fallen annually for two consecutive months. Over 53% of the index level indicates that the trend of rapid growth of global manufacturing industry is still continuing, but the index has continuously recovered and reached a new low, indicating that the growth rate of global manufacturing industry continues to slow down and the trend of global economic recovery fluctuates. Regionally, the PMI of manufacturing in Asia, Europe, the Americas and Africa showed a continuous downward trend. Experts believe that the trend of global economic recovery has internal factors. The current round of global economic recovery has lasted for two years since the second half of 2016. The momentum of sustained economic growth has been fluctuating objectively and will not remain strong all the time. At the same time, the increasingly complex international political and economic situation has brought greater downward pressure on the global economy. Regional normalization of global monetary policy has changed the environment of sustained easing; the impact of Geopolitics on the global economy persists; the price of oil-based commodities continues to rise, objectively increasing the cost of economic operation; the impact of trade friction on the global economy is still fermenting, becoming a recent disturbance to the global economy. An important factor in economic growth. Under such circumstances, strengthening regional cooperation, promoting trade liberalization and diversification development strategies have gradually become the main choice for countries around the world to avoid downside economic risks.