In recent days, the world’s manufacturing economies have successively released a number of major manufacturing economies, indicating that the economies of these economies continue to expand and the economy continues to recover or grow.
According to a report released on the 1st by the Institute of Supply Management of a well-known research institute in the United States, the US manufacturing activity index for October was 56.9, higher than the 54.4 in September. The manufacturing sector expanded for the 15th consecutive month, indicating that the US economy continues to recover. The association believes that as the U.S. economy continues to recover, manufacturing continues to expand, with the automotive, computer and export industries becoming the engine of the manufacturing recovery.
Just a few days ago, the data released by the US Department of Commerce showed that the first estimate of real US GDP in the third quarter increased at an annual rate of 2.0%, slightly higher than the 1.7% increase in the second quarter, indicating that the U.S. economy continues to grow at a slow rate. .
In addition, the UK’s manufacturing index for October rose to 54.9, the first increase since March. This is also in line with the 0.8% economic growth in the UK in the third quarter. Similarly, the German manufacturing index also showed a strong recovery of the industry.
In emerging economies, the data released by the China Federation of Logistics and Purchasing on the 1st showed that China’s manufacturing purchasing managers’ index for October was 54.7%, which rose for the third consecutive month and reached the highest point in six months. Experts pointed out that the continuous rise of the index reflects the continued growth of the economy, but the future economic trends need to pay close attention and should not be overly optimistic.
At the same time, a report released by HSBC on the 1st showed that India’s manufacturing purchasing managers’ index rose significantly in October, rising from 55.1 in September to 57.2, ending the two consecutive months of decline. HSBC's Asian economic analysis teacher Li Min said that India's manufacturing industry is still supported by strong domestic consumption.
However, the data in Japan and South Korea are not optimistic. Following last Friday's data showing that Japanese manufacturing has shrunk for two consecutive months, HSBC’s latest report stated that South Korea’s manufacturing index for October also fell for two consecutive months, dropping from 48.8 in September to 46.75, hitting 2 in 2009. The lowest value since the month.
According to a report released on the 1st by the Institute of Supply Management of a well-known research institute in the United States, the US manufacturing activity index for October was 56.9, higher than the 54.4 in September. The manufacturing sector expanded for the 15th consecutive month, indicating that the US economy continues to recover. The association believes that as the U.S. economy continues to recover, manufacturing continues to expand, with the automotive, computer and export industries becoming the engine of the manufacturing recovery.
Just a few days ago, the data released by the US Department of Commerce showed that the first estimate of real US GDP in the third quarter increased at an annual rate of 2.0%, slightly higher than the 1.7% increase in the second quarter, indicating that the U.S. economy continues to grow at a slow rate. .
In addition, the UK’s manufacturing index for October rose to 54.9, the first increase since March. This is also in line with the 0.8% economic growth in the UK in the third quarter. Similarly, the German manufacturing index also showed a strong recovery of the industry.
In emerging economies, the data released by the China Federation of Logistics and Purchasing on the 1st showed that China’s manufacturing purchasing managers’ index for October was 54.7%, which rose for the third consecutive month and reached the highest point in six months. Experts pointed out that the continuous rise of the index reflects the continued growth of the economy, but the future economic trends need to pay close attention and should not be overly optimistic.
At the same time, a report released by HSBC on the 1st showed that India’s manufacturing purchasing managers’ index rose significantly in October, rising from 55.1 in September to 57.2, ending the two consecutive months of decline. HSBC's Asian economic analysis teacher Li Min said that India's manufacturing industry is still supported by strong domestic consumption.
However, the data in Japan and South Korea are not optimistic. Following last Friday's data showing that Japanese manufacturing has shrunk for two consecutive months, HSBC’s latest report stated that South Korea’s manufacturing index for October also fell for two consecutive months, dropping from 48.8 in September to 46.75, hitting 2 in 2009. The lowest value since the month.
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