Global manufacturing PMI declines slightly in September

The Global Manufacturing Purchasing Managers' Index (PMI) registered at 49.7 percent in September, down 0.2 percentage points from the previous month, according to data released by the China Federation of Logistics and Purchasing (CFLP) on Monday.

Despite the slight decrease, the index remained within the 49-50 percent range for the seventh consecutive month, reflecting a relatively steady trend in global economic recovery.

A reading above 50 indicates expansion, below 50 indicates contraction.

Global average Manufacturing PMI for the third quarter was 49.6 percent, an increase of 0.3 percentage points compared to the second quarter, suggesting a stronger recovery in manufacturing sector during the third quarter.

Regionally, the Asian Manufacturing PMI remained stable in September, holding above 50 percent for five consecutive months. The African Manufacturing PMI recorded an uptick, remaining above 50 percent for three months.

But the recovery in manufacturing in the Americas and Europe was comparatively subdued, with Europe experiencing a decline in its manufacturing recovery from the previous month, while the Americas showed little change.

Experts note that ongoing trade frictions and geopolitical tensions continue to weigh on global market demand growth. Although the global economy remains stable within a certain range, a significant rebound appears unlikely. In light of these challenges, pursuing sci-tech-driven innovation and enhancing supply chain resilience have become crucial focuses for countries aiming to stabilize and recover economies.

Experts also stress the importance of strengthening regional economic cooperation. The steady expansion of manufacturing in Asia and Africa underscores the vital role of regional trade collaboration in fostering economic growth.

Global manufacturing PMI declines slightly in September

Global manufacturing PMI declines slightly in September

Global manufacturing PMI declines slightly in September

Global manufacturing PMI declines slightly in September

The U.S. Senate on Wednesday voted 51-50 to effectively block a bipartisan resolution aimed at curbing President Donald Trump's authority to use military force in Venezuela, after two GOP senators flipped under intense pressure from the White House.

After senators Josh Hawley and Todd Young reversed their position and left the chamber deadlocked 50-50, U.S. Vice President JD Vance cast the tie-breaking vote on a procedural motion, derailing the measure that would have required the president to obtain congressional approval before taking further military action in the oil-rich South American nation.

The resolution was introduced in the wake of a U.S. military operation in Venezuela that resulted in the capture of President Nicolas Maduro. The U.S. Senate on January 8 voted 52 to 47 to advance the war powers resolution.

Trump had publicly criticized the five Republicans who joined all Democrats to back the bill, saying they "should never be elected to office again."

The president also called each of the five senators to vent his frustration over their votes, said a report from The Hill.

U.S. Senate blocks bid to curb presidential war powers on Venezuela