Global Manufacturing PMI in June Fell Further, Points to Intensified Downward Pressure

Published: Jul 6, 2023 15:22

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The China Federation of Logistics and Purchasing announced the global manufacturing purchasing managers' index for June on July 7.

SHANGHAI, Jul 6 (SMM) – The China Federation of Logistics and Purchasing announced the global manufacturing purchasing managers' index for June on July 7.

In June, the global manufacturing PMI was 47.8%, a decrease of 0.5 percentage point from the previous month, falling for four consecutive months.

The global manufacturing PMI has been below 50% for nine consecutive months, hitting a new low since June 2020. The downward trend of the global manufacturing industry has intensified, and the road to recovery still faces greater challenges.

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