Recently, the manufacturing indices released by many important economies in the world have generally rebounded, indicating that the manufacturing industries in these economies continue to expand and the economy continues to recover or grow.
On November 1, 2010, a report released by the Well-known Institute of Supply Management of the United States showed that the US manufacturing activity index for October was 56.9, up from 54.4 in September, and the manufacturing industry expanded for the 15th consecutive month. The association believes that as the US economy continues to recover, manufacturing continues to expand, with the automotive, computer and export industries becoming engines of manufacturing recovery.
Just a few days ago, data released by the US Department of Commerce showed that the first-quarter estimate of real GDP in the third quarter increased by 2.0% year-on-year, slightly higher than the 1.7% increase in the second quarter, indicating that the US economy continues to grow at a low rate. .
In addition, the UK's manufacturing purchasing managers' index rose to 54.9 in October, the first increase since March. This is also in line with the UK's economic growth of 0.8% in the third quarter. Similarly, the German manufacturing index also showed a strong recovery in the industry.
In emerging economies, data released by the China Federation of Logistics and Purchasing on November 1 showed that China’s manufacturing purchasing managers’ index for October was 54.7, rising for the third consecutive month, reaching a six-month high. Experts pointed out that the continuous rise of the index reflects the continued growth of the economy, but the future economic trend needs to be closely watched and should not be too optimistic.
At the same time, HSBC's report released on the same day showed that India's manufacturing purchasing managers' index rose significantly in October, rising from 55.1 in September to 57.2, ending the previous two-month decline. Fan Limin, an Asian economic analyst at HSBC, said that Indian manufacturing is still supported by strong domestic consumption.
But the data from 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 pointed out that South Korea's manufacturing index fell for two consecutive months in October, falling from 48.8 in September to 46.75, in 2009. The lowest value since February.
On November 1, 2010, a report released by the Well-known Institute of Supply Management of the United States showed that the US manufacturing activity index for October was 56.9, up from 54.4 in September, and the manufacturing industry expanded for the 15th consecutive month. The association believes that as the US economy continues to recover, manufacturing continues to expand, with the automotive, computer and export industries becoming engines of manufacturing recovery.
Just a few days ago, data released by the US Department of Commerce showed that the first-quarter estimate of real GDP in the third quarter increased by 2.0% year-on-year, slightly higher than the 1.7% increase in the second quarter, indicating that the US economy continues to grow at a low rate. .
In addition, the UK's manufacturing purchasing managers' index rose to 54.9 in October, the first increase since March. This is also in line with the UK's economic growth of 0.8% in the third quarter. Similarly, the German manufacturing index also showed a strong recovery in the industry.
In emerging economies, data released by the China Federation of Logistics and Purchasing on November 1 showed that China’s manufacturing purchasing managers’ index for October was 54.7, rising for the third consecutive month, reaching a six-month high. Experts pointed out that the continuous rise of the index reflects the continued growth of the economy, but the future economic trend needs to be closely watched and should not be too optimistic.
At the same time, HSBC's report released on the same day showed that India's manufacturing purchasing managers' index rose significantly in October, rising from 55.1 in September to 57.2, ending the previous two-month decline. Fan Limin, an Asian economic analyst at HSBC, said that Indian manufacturing is still supported by strong domestic consumption.
But the data from 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 pointed out that South Korea's manufacturing index fell for two consecutive months in October, falling from 48.8 in September to 46.75, in 2009. The lowest value since February.
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