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Various-Global Manufacturing PMI/July
FILE: China - Date Unknown (CCTV - No access Chinese mainland)
1. Various of electronic parts production line
2. Various of production line, robotic arms
FILE: Ohio, USA - Date Unknown (CGTN - No access Chinese mainland)
3. Various of workers in auto glass production factory
FILE: Racine, Wisconsin State, USA - December 2019 (CGTN - No access Chinese mainland)
4. Various of workers in farming equipment factory
FILE: Putrajaya, Malaysia - Date Unknown (CGTN - No access Chinese mainland)
5. Assembly line
6. Various of workers; monitor screens
FILE: Guadalajara, Mexico - Nov 10, 2021 (CGTN - No access Chinese mainland)
7. Various of workers, machines working in factory of circuit company
FILE: Rio de Janeiro, Brazil - April 28, 2022 (CCTV - No access Chinese mainland)
8. Various of workers sorting out products
9. Products being packaged
10. Packaged products on conveyor belt
FILE: Moscow, Russia - April 5, 2022(CCTV - No access Chinese mainland)
11. Various of chocolate production line, workers
FILE: Shanghai, China - Date Unknown (CGTN - No access Chinese mainland)
12. Various of U.S. dollar banknotes going through cash counting machine
FILE: Los Angeles, California, USA - Oct 21, 2021 (CCTV - No access Chinese mainland)
13. Various of vehicles at gas station
The purchasing managers' index (PMI) for the global manufacturing sector continued to slow down in July, maintaining a trend of decline for two consecutive months, data released on Saturday by China Federation of Logistics and Purchasing (CFLP) showed.
The PMI for the global manufacturing sector stood at 51.2 percent in July, down 1.1 percentage points from the previous month, the lowest since July 2020, indicating a further weakened momentum of the global economic recovery and an increasing downward pressure on the global economy at large.
Region-wise, the manufacturing PMI in Asia, Europe, America and Africa all dropped by various degrees in July compared with the previous month, all setting periodic lows.
Analysts say they believe that the impact of the COVID-19 pandemic, inflationary pressures, geopolitical conflicts, tightening monetary policy and many other factors have led to the weakening of the global economic recovery momentum. The combination of these factors has further increased pressure on the global economic demand contraction.
Viewed from changes in data from major countries, the new order index in July generally fell from the previous month, and the new order index in China, the United States and Germany were all below 50 percent.
A reading above 50 percent indicates expansion, while a reading below that reflects contraction.
In its July World Economic Outlook report, the International Monetary Fund lowered its forecast for global economic growth in 2022 to 3.2 from 3.6 percent.
Experts say that maintaining a balance between economic recovery and fighting inflation is still a problem facing the world's major economies.
Viewed from changes in the price indices of major countries, the relevant policies to deal with inflation have curbed the momentum of rapid rise in raw material prices to a certain extent. However, inflationary pressure is still the main problem currently plaguing the global economic recovery, and the downward pressure on economic recovery caused by the fight against inflation still remains high.
Various-Global Manufacturing PMI/July
Dateline : Aug 6, 2022/File
Location : Various
Duration : 1'40
FILE: China - Date Unknown (CCTV - No access Chinese mainland)
1. Various of electronic parts production line
2. Various of production line, robotic arms
FILE: Ohio, USA - Date Unknown (CGTN - No access Chinese mainland)
3. Various of workers in auto glass production factory
FILE: Racine, Wisconsin State, USA - December 2019 (CGTN - No access Chinese mainland)
4. Various of workers in farming equipment factory
FILE: Putrajaya, Malaysia - Date Unknown (CGTN - No access Chinese mainland)
5. Assembly line
6. Various of workers; monitor screens
FILE: Guadalajara, Mexico - Nov 10, 2021 (CGTN - No access Chinese mainland)
7. Various of workers, machines working in factory of circuit company
FILE: Rio de Janeiro, Brazil - April 28, 2022 (CCTV - No access Chinese mainland)
8. Various of workers sorting out products
9. Products being packaged
10. Packaged products on conveyor belt
FILE: Moscow, Russia - April 5, 2022(CCTV - No access Chinese mainland)
11. Various of chocolate production line, workers
FILE: Shanghai, China - Date Unknown (CGTN - No access Chinese mainland)
12. Various of U.S. dollar banknotes going through cash counting machine
FILE: Los Angeles, California, USA - Oct 21, 2021 (CCTV - No access Chinese mainland)
13. Various of vehicles at gas station
The purchasing managers' index (PMI) for the global manufacturing sector continued to slow down in July, maintaining a trend of decline for two consecutive months, data released on Saturday by China Federation of Logistics and Purchasing (CFLP) showed.
The PMI for the global manufacturing sector stood at 51.2 percent in July, down 1.1 percentage points from the previous month, the lowest since July 2020, indicating a further weakened momentum of the global economic recovery and an increasing downward pressure on the global economy at large.
Region-wise, the manufacturing PMI in Asia, Europe, America and Africa all dropped by various degrees in July compared with the previous month, all setting periodic lows.
Analysts say they believe that the impact of the COVID-19 pandemic, inflationary pressures, geopolitical conflicts, tightening monetary policy and many other factors have led to the weakening of the global economic recovery momentum. The combination of these factors has further increased pressure on the global economic demand contraction.
Viewed from changes in data from major countries, the new order index in July generally fell from the previous month, and the new order index in China, the United States and Germany were all below 50 percent.
A reading above 50 percent indicates expansion, while a reading below that reflects contraction.
In its July World Economic Outlook report, the International Monetary Fund lowered its forecast for global economic growth in 2022 to 3.2 from 3.6 percent.
Experts say that maintaining a balance between economic recovery and fighting inflation is still a problem facing the world's major economies.
Viewed from changes in the price indices of major countries, the relevant policies to deal with inflation have curbed the momentum of rapid rise in raw material prices to a certain extent. However, inflationary pressure is still the main problem currently plaguing the global economic recovery, and the downward pressure on economic recovery caused by the fight against inflation still remains high.
ID : 8285119
Published : 2022-08-06 10:16
Last Modified : 2022-08-06 19:54:10
Source : China Central Television (CCTV)
Restrictions : No access Chinese mainland
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