Zhongxin Finance, June 6. According to the website of China Federation of Logistics and Purchasing released on the 6th, the global manufacturing PMI in May 2022 was 53.5%, an increase of 0.3 percentage points from the previous month, ending the two-month month-on-month downward trend, but This is a decrease of 3.7 percentage points from the same period last year, and a decrease of 1.1 percentage points from the average in the first quarter of 2022.In terms of sub-regions, the manufacturing PMIs of Asia, America and Africa all increased to varying degrees from the previous month, while the European manufacturing PMIs decreased from the previous month.
Screenshot of the manufacturing PMI index of major countries in the world in May 2022 released by the website of China Federation of Logistics and Purchasing.
Changes in the composite index. In May, the global manufacturing PMI increased from the previous month, but the index was lower than the average level of the same period last year and the first quarter, indicating that the global manufacturing growth rate rebounded slightly from the previous month, and the global economic growth rate initially stopped falling. Stabilized, but the recovery momentum still needs to be further consolidated, and the downward pressure has not been completely eliminated.Continued rising inflationary pressures, unresolved geopolitical conflicts and the impact of repeated epidemics continue to deplete the momentum of global economic recovery.Inflationary pressure has forced many countries to adjust the direction of monetary policy, returning from "easy" to "normalized", which has objectively slowed down the impetus for global economic recovery.The repeated epidemics continue to disrupt the continuity of supply chains and industrial chains in various countries, and the power of the supply side is weakened.In addition to further fueling inflationary pressures, geopolitical conflicts have also adversely affected global trade activity.
In view of the above-mentioned factors, the economic recovery expectations of the world's major economic institutions continued to weaken.Recently, the United Nations released the "World Economic Situation and Prospects" report, which significantly lowered the global economic growth forecast in 2022 from 4.0% at the beginning of this year to 3.1%.The Institute of International Finance (IIF) halved its 2022 global GDP growth forecast to 2.3% from 4.6%.The uneven situation of the global economic recovery is increasing, and the linkage between various economies is weakening.The constant balance between economic recovery and fighting inflation and epidemic prevention and control has become a common problem faced by all countries in the world.In the long run, global economies should abandon prejudice and continue to strengthen multilateral cooperation in order to ensure the stable recovery of the global economy.The stable recovery of the global economy requires smooth supply chains, diversified trade cooperation and an inclusive economic environment.(Finish)
【Editor: Cheng Chunyu】
