Recently, the manufacturing indexes released by many important economies in the world have generally rebounded, indicating that the manufacturing industries of these economies have continued to expand and the economy has continued to recover or grow.
On November 1, 2010, a report released by the well-known research institute Supply Management Association showed that the US manufacturing activity index in October was 56.9, higher than September’s 54.4, and the manufacturing sector expanded for the 15th consecutive month. The association believes that as the US economy continues to recover, the manufacturing industry continues to expand, among which the automobile, computer and export industries have become the engine of the manufacturing recovery.
Just a few days ago, data released by the U.S. Department of Commerce showed that the first estimate of real U.S. gross domestic product in the third quarter increased at an annual rate of 2.0%, slightly higher than the increase of 1.7% in the second quarter, indicating that the US economy continues to grow at a low rate. .
In addition, the UK’s manufacturing purchasing managers index rose to 54.9 in October, the first increase since March. This is also in line with the UK’s economic growth of 0.8% in the third quarter. Similarly, the German manufacturing index also shows a strong recovery in the industry.
Among emerging economies, data released by the China Federation of Logistics and Purchasing on November 1 showed that China ’s manufacturing purchasing managers index for October was 54.7, which rose for the third consecutive month and reached its highest point in six months. Experts point out that the continuous rebound of the index reflects that the economy continues to maintain a growing trend, but the future economic trend needs to be closely monitored, and it should not be too optimistic.
At the same time, a report released by HSBC on the same day showed that India’s manufacturing purchasing managers index rebounded significantly in October, rising from 55.1 in September to 57.2, ending the two consecutive months of decline. HSBC Asian economic analyst Fan Limin said that India’s manufacturing industry is still supported by strong domestic consumption.
But the figures for Japan and South Korea are not optimistic. Following data from last Friday showing that Japanese manufacturing has shrunk for two consecutive months, the latest HSBC report indicates that the Korean manufacturing index also declined for two consecutive months in October, from 48.8 in September to 46.75. Lowest value since February.
Post time: Apr-25-2014