The China Federation of Logistics and Purchasing released on Monday the August Global Manufacturing Purchasing Managers Index. The data shows that the index has declined for three consecutive months, indicating that the growth momentum of the global manufacturing industry has weakened, and the recovery of the world economy has shown a gradual slowdown.
The global manufacturing purchasing managers' index in August came at 55.7%, down 0.6 percentage point from the previous month, and a month-on-month decline for three consecutive months.
The Asian and European manufacturing purchasing managers' indexes have declined to varying degrees from the previous month. The American Manufacturing Purchasing Managers' Index remained unchanged from the previous month. The African Manufacturing Purchasing Managers Index rebounded to more than 50%.
The continuous decline in the global manufacturing purchasing manager index indicates that the growth momentum of the global manufacturing industry has weakened, and the world economic recovery trend is gradually slowing down.
Analysts believe that repeated outbreaks of the pandemic in many countries due to the spread of mutant viruses is an important factor in the slowdown of the global economic recovery.
Repeated outbreaks of the epidemic continue to challenge the stability of the recovery of the world economy. The uneven situation of vaccination and the inconsistency of epidemic prevention policies in various countries continue to aggravate the uneven recovery of the world economy.
With the passage of time, the effects of stimulus policies in various countries have gradually weakened, and the strength of economic recovery has also affected.
The recovery of the world economy will continue to face a series of problems such as the sudden impact of the epidemic, instability in the supply chain, and rising inflation expectations, and downward pressure will remain.
The International Monetary Fund has recently implemented a new round of special drawing rights allocations, aimed at providing a liquidity buffer for the economies affected by the epidemic and enhancing the world economy’s ability to resist risks.
Experts said that strengthening regional trade cooperation and vigorously developing the digital economy have become important means for countries around the world to resist the impact of the epidemic and economic downturn risks.
