reply Global manufacturing PMI fell to 47.8% in June, increasing downward pressure on the global economy

The China Federation of Logistics and Purchasing released data on the 6th, showing that in June, the global manufacturing purchasing managers' index (PMI) was 47.8%, down 0.5 percentage points from the previous month, declining for four consecutive months from the previous month, a new stage low since June 2020.　　Analysis said that the index remained below 50% for a consecutive period and hit a new stage low again, meaning that the global manufacturing downward trend has intensified and the road to recovery still faces greater challenges. High inflation, ongoing geopolitical conflicts, financial market turmoil and increased trade barriers are continuing to affect the global economic growth momentum.　　Viewed by region, in June, the European manufacturing PMI was 45.4%, down 0.8 percentage points from the previous month, falling for five consecutive months from a year earlier, and below 50% for 11 consecutive months, hitting a new low since June 2020. The current downward pressure on the eurozone manufacturing sector has increased, and its economy has fallen into a technical recession.　　In June, the Americas manufacturing PMI was 46.5%, down 0.8 percentage points from the previous month, running below 50% for 8 consecutive months, a new low for the stage since June 2020, showing that the Americas manufacturing sector continues to maintain a downward trend, and the rate of decline has accelerated. Data from major countries show that the manufacturing PMI of the United States, Brazil and Canada are below 50%.　　In June, the Asian manufacturing PMI was 50.4%, unchanged from the previous month, showing that the Asian manufacturing industry continued to maintain a stable growth trend. During the same period, the African manufacturing PMI was 49.8%, down 0.4 percentage points from the previous month. Although under the downward pressure of the global economy, the trend of African manufacturing industry shows some signs of slowing down, but the index still remains at the critical point of about 50%, showing that the current African economy still maintains a relatively stable trend and has certain development potential.　　Analysts pointed out that, despite the current downward pressure on the global economy as a whole, but there are still some positive factors to provide support for the subsequent global economic recovery. First, regional economic and trade cooperation closer, "Regional Comprehensive Economic Partnership Agreement" (RCEP) implementation effect is expected to continue to appear. Second, the expansion of BRICS countries is underway, providing new support for the stability of the global financial system.