In 2019, The Global Manufacturing Industry PMI Was 50.1% Experts: Trade Friction Dragged The Global Manufacturing Industry.

According to the data released by China logistics and purchasing Federation today, in December 2019, the Global Manufacturing Purchasing Managers Index PMI dropped 0.4 percentage points from last month to 48.6%, and continued to operate in the contraction interval. In 2019, the global manufacturing purchasing managers index was fixed at 50.1%. In 2019, the European Manufacturing Purchasing managers index decreased significantly. Become the main driver of the global manufacturing downturn.

In addition, the US Manufacturing Purchasing Managers Index showed a high and low trend, mainly due to the strong weakening of the US manufacturing industry.

Compared with the obvious downward trend of manufacturing industry in Europe and America, the manufacturing industry in Asia showed a steady trend of decline, and the latter trend was relatively mild. Africa's manufacturing industry maintained a relatively fast development and showed strong potential for development. Insiders said that in 2019, the global manufacturing industry showed a trend of higher and lower growth, slowing down gradually, and the frequent occurrence of trade friction was the main factor that dragged down the global manufacturing industry.

The United States, because it is the largest economic power, has brought about a significant impact on its own because of the implementation of the trade friction policy. The whole global manufacturing industry will be dragged down by it, and it will remain at a low level.

Insiders said that in 2020, the global manufacturing industry will also fluctuate repeatedly in the weak operation, but the fluctuation speed and amplitude will be somewhat lower than that in 2019, and the counter cyclical adjustment policy will show itself. In particular, the proportion of Asian economies to global economic growth has gradually increased. It is understood that in 2019, Asia contributed more than 2/3 to global economic growth, of which China contributed 39% to global economic growth.