The global manufacturing purchasing managers' index (PMI) rosed slightly in June to 49.5 percent, up 0.3 percentage points from the previous month, according to data released by the China Federation of Logistics and Purchasing (CFLP) on Sunday.
This marks the second consecutive month that the index has risen slightly in the contraction range, indicating that the momentum of global economic recovery has been picking up, yet still facing downward pressure.
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Global manufacturing PMI rose slightly in June within contraction range
Global manufacturing PMI rose slightly in June within contraction range
Global manufacturing PMI rose slightly in June within contraction range
Global manufacturing PMI rose slightly in June within contraction range
The World Bank's latest Global Economic Prospects report, which was released on June 10, lowered the global economic growth forecast for 2025 to 2.3 percent from 2.7 percent in January.
The downward pressure mainly stems from factors such as the unclear direction of U.S. tariff policy and continued geopolitical conflicts, according to CFLP officials.
"The global manufacturing PMI has been running in the contraction range for four consecutive months, indicating significant challenges to global economic recovery. Countries should stabilize economic growth with approaches such as improving the resilience of the supply chain, increasing technological innovation, and promoting diversified market layout. At the same time, they should continue to firmly promote multilateral trade cooperation and build a stable and sustainable economic growth path," said He Hui, vice president of the CFLP.
In terms of regions, the Asian manufacturing PMI was 50.7 percent in June, up 0.3 percentage points from the previous month, continuing to remain in the expansion range and providing good support for the global economic recovery.
The Americas' index was 48.6 percent in June, up 0.2 percentage points from May, staying below 49 percent for four consecutive months.
In Europe, the index was 48.8 percent in June, up 0.1 percentage points from the previous month, rising slightly for six consecutive months.
The Africa's index was 49.7 percent in June, up 1 percentage point from the previous month, ending two consecutive months of a month-on-month decline.
Global manufacturing PMI rose slightly in June within contraction range
Global manufacturing PMI rose slightly in June within contraction range
Global manufacturing PMI rose slightly in June within contraction range
Global manufacturing PMI rose slightly in June within contraction range
