SMM1 month 3 news: yesterday, the United States, Europe, China and other manufacturing PMI index released in December, very miserable!
In the United States, manufacturing expansion slowed and new orders grew at their slowest pace in more than a year, in part because of capacity constraints and difficulties in finding the right employees and obtaining a sufficient amount of procurement investment. As uncertainty rises in the outlook, companies will become more cautious about spending.
On the same day, the Dow opened lower by nearly 400 points and closed higher, avoiding the opening of the green door on the first day of 2019. Tesla fell 9% in intraday trading, dragged down by doubts about future profitability, and the extreme shipments of the main Model2 sedan also fell short of the target. Apple unexpectedly issued a letter to investors after U. S. stocks, in which it said it would cut its revenue guidance and gross profit margin for the first quarter of 2019 to $84 billion, well below market expectations. Apple shares fell 8%, or 8%, from rising to falling after the news was made public.
In Europe, the manufacturing PMI of Italy and France is already below the withered line, and the overall PMI of the euro zone is at its lowest level since February 2016.
At present, only the British manufacturing industry has maintained a good performance among several major countries, which shows that Brexit has not had an impact on the British manufacturing industry. British manufacturers accelerated inventory increases in December in case there could be border delays when Britain leaves the European Union in March 2019.
German manufacturing PMI fell for the 11th time in December 2018, with new orders falling at the fastest pace in four years, reflecting continued cooling in German economic growth. Meanwhile, German bond yields suffered their biggest one-day decline since September 2016, while 10-year German bond yields fell to their lowest level since November 2016, in a sign of German public concern about the future of the economy.
Under the influence of the domestic yellow vest resistance movement, the manufacturing PMI fell in April, the decline in new orders intensified to the fastest since August 2016, and new export orders also contracted for four months in a row, and the contraction rate intensified to the fastest since April 2016. Optimism about the business outlook also fell to its lowest level in nearly three years.
Italy was beset by debt and the budget, with manufacturing PMI falling to its lowest level in 19 months, a sub-index of new orders falling to its lowest level since May 2013 in December, and both output and employment indices falling. Recent data show little sign of Italy's economic recovery.
Canada's manufacturing PMI index is also not optimistic, the lowest in two years, due to weak production growth and sluggish export orders.
The global economy affects the whole body, under the nest, Ann has finished the egg? I'm afraid a global recession is inevitable.
