Global Manufacturing PMI in April Points to Greater Downward Pressure on Global Economy

Published: May 19, 2023 17:33

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The China Federation of Logistics and Purchasing announced on May 6 released the global manufacturing purchasing managers' index for April.

The index has declined for two consecutive months, and has been running below 50% for seven consecutive months, indicating that the downward pressure on the global economy has increased and the momentum of economic recovery is weak.

In March, the global manufacturing purchasing managers' index was 48.6%, a decrease of 0.5 percentage point from the previous month, the lowest since June 2020.

Since the beginning of this year, although the global economy has recovered somewhat, the trend of weak growth has not changed, and the problem of high inflation has been plagued by the global economic recovery.

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