Global manufacturing activity increased 1.5 percentage points to 51 percent in January, marking an end to a 10-month stretch of contraction, according to an index published by the China Federation of Logistics and Purchasing (CFLP) on Friday.
A reading below 50 generally indicates contraction in the sector, while a reading above 50 signals expansion.
The federation said that Asian manufacturing continued to expand, with its purchasing managers' index (PMI) standing at 51 -- remaining above the critical point for nine consecutive months.
According to the CFLP, the manufacturing PMI in Europe and the Americas both rose, largely boosted by an increase in stocks in major European and American countries after the Christmas and New Year holidays.
The European manufacturing PMI came in at 50, up 0.7 percentage points month on month, with indexes in the UK, France, Greece, and Germany rebounding. The Americas manufacturing PMI reached 51.8, 3.9 percentage points higher than one month ago.
The federation noted that Africa's manufacturing PMI declined 1.1 percentage points to 49.6, largely due to trade frictions and geopolitical conflicts.
Experts warned that global trade flows, market confidence, and supply chain stability will continue to face challenges as international trade tensions have not eased significantly, and the potential risks of geopolitical conflict have not been eliminated amid persistently sluggish effective demand in the global market.
Promoting multilateral trade cooperation remains the main approach to overcoming challenges and stabilizing global economic growth, said experts.
Global manufacturing PMI up slightly in Jan
Global manufacturing PMI up slightly in Jan
Global manufacturing PMI up slightly in Jan
