In the second quarter, the growth rate of Asian manufacturing was relatively stable PMI 51.4% from the previous month

According to data on the 6th of the China Logistics and Procurement Federation on the 6th, in June 2022, the Asian Manufacturing Purchasing Manager Index (PMI) was 51.4%, an increase of 0.1 percentage points from the previous month, and increased in two consecutive months. The speed is relatively stable and is the main stability of the global economic recovery in June.

From the perspective of major countries, the end of China's manufacturing PMI runs below 50%for three consecutive months, and weighing more than 50%, which is the leading factor in the stability of the Asian manufacturing PMI. From the perspective of changes in the sub -item index, China's manufacturing industry supply impact, demand shrinkage, and expected weakening triple pressure tend to ease. The other Asian countries' manufacturing PMI fluctuations are relatively stable month -on -month. According to analysis, the changes in the comprehensive index, the growth rate of Asian manufacturing is relatively stable, and is the main stability of the global economic recovery in June. Although the growth rate of Asia's manufacturing industry is stable, the index level is about 51%, showing that the level of Asian economic growth still needs to be improved. Many countries in Asia also face the predicament of high inflation and low growth, and economic recovery has uncertainty. The inflation rates in South Korea, the Philippines, Thailand, Indonesia, and Vietnam are rising rapidly. Rising oil prices and grain prices are the main factor that pushes these countries' inflation levels. In order to cope with inflation, some Asian countries have to speed up the pace of interest rate hikes, which objectively affects the recovery of the Asian economy.

In June, the global manufacturing procurement manager index (PMI) was 52.3%, a decrease of 1.2 percentage points from the previous month, a new low of the year.

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