The Recovery Of The Global Manufacturing Industry Is Stuck By Multiple Factors(1)

The recovery of the global manufacturing industry is "stuck" by multiple factors(1)

Under the continuous impact of the Delta mutant strain epidemic, the recovery of the global manufacturing industry is slowing down, and some areas have even stalled. The epidemic has always disturbed the economy. "The epidemic can't be controlled and the economy can't rise" is by no means alarmist. The intensification of the epidemic in important raw material supplies and manufacturing processing bases in Southeast Asia, the prominent side effects of stimulus policies in various countries and the continuous skyrocketing of global shipping prices have become the "stuck neck" factor of the current global manufacturing recovery, and the threat to the global manufacturing recovery has increased sharply.

On September 6, the China Federation of Logistics and Purchasing reported that the global manufacturing PMI in August was 55.7%, a decrease of 0.6 percentage points from the previous month, and the month-on-month decline for three consecutive months. It has fallen to 56 for the first time since March 2021. %the following. From the perspective of different regions, the manufacturing PMI of Asia and Europe has declined to varying degrees from the previous month. The manufacturing PMI of the Americas was the same as last month, but the overall level was lower than the average of the second quarter. Previously, data released by the market research agency IHS Markit also showed that the manufacturing PMI of many Southeast Asian countries continued to be in a contraction range in August, and the local economy was severely affected by the epidemic, which may have a greater impact on the global supply chain.