Global Manufacturing PMI Has Risen for Two Consecutive Months

In February, the global manufacturing PMI was 49.9%, an increase of 0.7 percentage point month-on-month. The global economy is showing initial signs of stabilisation and recovery, and the downward trend of the global economy since the second half of 2022 has eased slightly. But the global economy is still facing the impact of weak demand and high inflation.

The OECD lowered its forecast for global economic growth in 2023 to 2.2% from previous 2.25%, and projected a growth of 2.7% for 2024. It lowered its forecast for the United States to 0.5%, while raising that for the eurozone to 0.5%.