The Global Manufacturing PMI Index In August Was 48.3%, Rising For Two Consecutive Months

The China Federation of Logistics and Purchasing announced today the global manufacturing purchasing managers index in August. Data show that the global manufacturing PMI rebounded in August from the previous month, but it is still at a low level, and the global economy is in a weak recovery trend. The global manufacturing PMI in August was 48.3%, an increase of 0.4 percentage points MoM. It has increased for two consecutive months. The global economy is in a weak recovery trend and the overall tightening trend unchanged. Demand remains at risks of shrinking.