Global manufacturing PMI dips slightly in November amid moderate recovery

The global manufacturing sector maintained a moderate recovery in November, although the pace weakened slightly compared with October, industry data showed Saturday.

The global manufacturing purchasing managers' index (PMI) stood at 49.6 percent in November, down 0.1 percentage point from the previous month, according to the China Federation of Logistics and Purchasing (CFLP).

The reading has remained within the 49-50 percent range for nine consecutive months.

Regionally, Asia's manufacturing PMI stayed unchanged from October, remaining above the 50-percent mark that separates expansion from contraction. The European manufacturing PMI also held steady but remained below 50 percent.

The PMI for Africa's manufacturing sector fell from the previous month, dropping below 50 percent after staying above that level in October. The Americas' manufacturing PMI also declined in November, staying below 49 percent.

The data indicated that while the global manufacturing sector remained within a recovery track observed since the beginning of the year, the momentum of the rebound softened somewhat in November and still requires strengthening, according to the federation.

Experts said the global economy is recovering moderately within a certain range, with both upside potential and downside risks persisting.

In the long run, building a more inclusive, beneficial and win-win model of international cooperation among countries remains the fundamental path to sustaining steady and sound growth of the world economy, they added.

Global manufacturing PMI dips slightly in November amid moderate recovery

Global manufacturing PMI dips slightly in November amid moderate recovery

Global manufacturing PMI dips slightly in November amid moderate recovery

Global manufacturing PMI dips slightly in November amid moderate recovery

Iran's Islamic Revolutionary Guard Corps (IRGC) announced Wednesday it had launched the 89th wave of Operation True Promise 4, carrying out strikes against U.S. and Israeli targets in the region.

The IRGC said in a statement that Iran and various resistance fronts, through coordinated operations, used heavy missiles, attack drones, and rockets to strike U.S. military bases and Israeli targets.

The statement said the operation targeted Israeli military facilities and assembly points in Eilat, Tel Aviv, Bnei Brak, and other locations, and claimed that, according to local sources, it had caused significant Israeli casualties.

The IRGC also stated that it had hit a location in Bahrain housing 80 U.S. troops, and Iranian ballistic missiles struck a U.S. helicopter formation at a base in Kuwait, destroying one helicopter and damaging others.

Iran launches new round of attacks on US, Israeli targets