The global manufacturing purchasing managers' index (PMI) lingered at a low level in May, standing at 49.2 percent, according to data released by the China Federation of Logistics and Purchasing (CFLP) on Friday.
The index was below 50 percent for three consecutive months, showing the global economy hovering at a low level.
Regionally, Asia's manufacturing PMI returned to the expansion range by reaching 50.4 percent, while the index of the Americas, Africa and Europe were all in the contraction range, standing at 48.4 percent, 48.7 percent and 48.7 percent, respectively.
The U.S. manufacturing PMI fell for four consecutive months, standing at 48.5 percent in May, down 0.2 percentage points from April. The data reflected that the U.S. tariff tensions with other countries has impacted its own manufacturing industry, according to the CFLP.
Analysts said countries should enhance the stability of economic recovery by improving supply chain resilience, accelerating technological innovation and promoting diversified market layouts. Multilateral trade cooperation will also help build a more stable and sustainable path for global economic recovery.
Global manufacturing PMI lingers at low level in May
Global manufacturing PMI lingers at low level in May
Global manufacturing PMI lingers at low level in May
