Global manufacturing is revival green bud
2018-10-12 12:03:39
US and Eurozone PMI index rebounds According to reports, recently, the manufacturing data released by many countries and regions around the world is gratifying, and it once again conveys the strong signal that the global economy is moving out of recession and recovering. The G20 finance ministers meeting will be held this weekend. How to protect these burgeoning spurts will become the focus of officials.
Manufacturing recovery helps improve employment Local data on the 1st, the US Institute for Supply Management (ISM) data showed that the manufacturing purchasing managers index (PMI) rose to 52.9% in August, far higher than 48.9% in July. After nearly 19 months of contraction, the US PMI index finally returned to above 50%. When the PMI index exceeds 50%, the manufacturing industry is expanding.
The US manufacturing industry has ushered in a long-lost recovery. Among the many sub-indicators, new orders, production and supplier lead-time indicators have risen sharply. Noord, president of the American Institute of Supply Management, said that US manufacturing inventories have been declining for 40 consecutive months, and the growth trend of US manufacturing in the short term can be maintained.
Some analysts pointed out that consumers must start "purchasing" in order to maintain the recovery of the US manufacturing industry. Unless the US job market improves, consumer spending will not rise, so in the next six months, US manufacturing will only recover moderately. However, some market participants believe that manufacturing is a sector that attracts more labor. The first recovery in manufacturing means that the job market is expected to improve, which will help boost consumption and promote economic recovery.
In addition to the United States, European manufacturing has also shown strong momentum. In August, the Eurozone PMI rose to 48.2% from 46.3% in July. Although it is still in the contraction zone, it has hit a new high in the past 14 months. Among them, the performance of Germany and France promoted the index's rise, and the French PMI index broke through 50% in August. However, the situation in the UK is just the opposite. The UK manufacturing PMI fell to 49.7% in August from 50.2% in July, making it the first country in the developed world to fall back to a shrinking PMI.
The International Monetary Fund (IMF) senior economist Jorg Decressin said that the current IMF expects the global economic growth rate in 2010 may be slightly less than 3%, but it is higher than the 2.5% expected in July. He also pointed out that the way to boost the global economy must be transformed from the government's stimulus measures to consumer demand.
The "old car for cash" program is indispensable. From the US manufacturing data, you can see the "old car for cash" plan. The revitalization of the US auto industry has driven the recovery of the manufacturing industry.
Some analysts expect that the annual rate of US car sales in August will exceed 14 million, the highest monthly sales this year. Ford Motor Company, Toyota Motor Corporation and Honda Motor Co., Ltd. saw a significant increase in sales, and GM also said that the company’s car sales in the United States in August were strong, although the total sales volume decreased by 20.2% compared with the same period last year, but compared with July. The ratio has increased by 30%. Yesterday, the Belgian investment company RHJ said that the company will raise the bid for GM's Opel, plans to pay 300 million euros (about 430 million US dollars) in cash, in exchange for Opel 50.1% stake, the company currently bidding with RHJ Only the Magna family is left.
Also driven by the relevant automobile consumption stimulus plan, the German International Automobile Manufacturers Association announced yesterday that the number of new car registrations in Germany increased by 28% in August. Some analysts said that although the auto consumption stimulus measures in many countries have ended, the global manufacturing recovery base is broad, and even if these stimulus plans are stopped, it will not bring a big impact on the manufacturing industry.
Manufacturing recovery helps improve employment Local data on the 1st, the US Institute for Supply Management (ISM) data showed that the manufacturing purchasing managers index (PMI) rose to 52.9% in August, far higher than 48.9% in July. After nearly 19 months of contraction, the US PMI index finally returned to above 50%. When the PMI index exceeds 50%, the manufacturing industry is expanding.
The US manufacturing industry has ushered in a long-lost recovery. Among the many sub-indicators, new orders, production and supplier lead-time indicators have risen sharply. Noord, president of the American Institute of Supply Management, said that US manufacturing inventories have been declining for 40 consecutive months, and the growth trend of US manufacturing in the short term can be maintained.
Some analysts pointed out that consumers must start "purchasing" in order to maintain the recovery of the US manufacturing industry. Unless the US job market improves, consumer spending will not rise, so in the next six months, US manufacturing will only recover moderately. However, some market participants believe that manufacturing is a sector that attracts more labor. The first recovery in manufacturing means that the job market is expected to improve, which will help boost consumption and promote economic recovery.
In addition to the United States, European manufacturing has also shown strong momentum. In August, the Eurozone PMI rose to 48.2% from 46.3% in July. Although it is still in the contraction zone, it has hit a new high in the past 14 months. Among them, the performance of Germany and France promoted the index's rise, and the French PMI index broke through 50% in August. However, the situation in the UK is just the opposite. The UK manufacturing PMI fell to 49.7% in August from 50.2% in July, making it the first country in the developed world to fall back to a shrinking PMI.
The International Monetary Fund (IMF) senior economist Jorg Decressin said that the current IMF expects the global economic growth rate in 2010 may be slightly less than 3%, but it is higher than the 2.5% expected in July. He also pointed out that the way to boost the global economy must be transformed from the government's stimulus measures to consumer demand.
The "old car for cash" program is indispensable. From the US manufacturing data, you can see the "old car for cash" plan. The revitalization of the US auto industry has driven the recovery of the manufacturing industry.
Some analysts expect that the annual rate of US car sales in August will exceed 14 million, the highest monthly sales this year. Ford Motor Company, Toyota Motor Corporation and Honda Motor Co., Ltd. saw a significant increase in sales, and GM also said that the company’s car sales in the United States in August were strong, although the total sales volume decreased by 20.2% compared with the same period last year, but compared with July. The ratio has increased by 30%. Yesterday, the Belgian investment company RHJ said that the company will raise the bid for GM's Opel, plans to pay 300 million euros (about 430 million US dollars) in cash, in exchange for Opel 50.1% stake, the company currently bidding with RHJ Only the Magna family is left.
Also driven by the relevant automobile consumption stimulus plan, the German International Automobile Manufacturers Association announced yesterday that the number of new car registrations in Germany increased by 28% in August. Some analysts said that although the auto consumption stimulus measures in many countries have ended, the global manufacturing recovery base is broad, and even if these stimulus plans are stopped, it will not bring a big impact on the manufacturing industry.
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