Global manufacturing PMI was 49.2% in October

In October, the global manufacturing PMI was 49.2%. Although it was still below 50%, it rebounded for two consecutive months, which means that the global manufacturing economy is still operating in a falling range, but the decline continues to narrow. From the perspective of the major countries or regions surveyed, the US manufacturing PMI has been operating at more than 50% for two consecutive months. The manufacturing PMI of the Eurozone is still below 50%, and the decline continues to expand. The manufacturing economies of the United Kingdom and Japan both showed a downward trend. The manufacturing economies of India and Russia continued to grow, and the Brazilian manufacturing industry ended its downward trend. The global manufacturing PMI index trend from January 2009 to October 2012 The production index still runs below 50%, but rebounded from the previous month. In October, the production index was 48.8%, which was lower than 50% for five consecutive months, but the chain rebounded for two consecutive months, indicating that global manufacturing production activity is still falling, but the rate of decline is slowing down. Among the major countries, the production status of major countries in North America performed better. Production activities in the United States, Mexico and Canada have continued to expand. In addition, production in Brazil, Denmark, India, Indonesia, Ireland, Russia, the Netherlands and Turkey has increased to varying degrees. Among the European countries, production activities in Germany, France, Italy, Spain and the UK are still in a downward trend. Production activities in Japan, South Korea, Taiwan, and Vietnam in Asia have declined to varying degrees. January 2009 - 2012 10 Global Manufacturing Production Index Trends The new orders index rebounded from the previous month. In October, the new order index was 49.4%, up 1.4 percentage points from the previous month, and was lower than 50% for five consecutive months, indicating that global manufacturing market demand is still weak and in a downward trend, but the decline is slowing down. Among them, new export orders are in a downward trend for six consecutive months. January 2009-October 2012 Global Manufacturing New Order Index Trends The purchase price index has been running at more than 50% for two consecutive months. In October, the purchase price index continued to run at more than 50%, up 1 percentage point from the previous month to 53.7%, hitting a new high of nearly six months. The trend of the purchase price index from January 2009 to October 2012 The employment index fell back below 50%. In October, the global manufacturing employment index fell again to below 50%, reaching 49.4%, which is the third time this year the index has fallen back below 50%. Employment activities in major Western European countries, Japan, Australia, South Africa and Brazil have declined to varying degrees. Employment in the three countries of the United States, Mexico and Canada has continued to rise. January 2009-October 2012 Employment Index Trends for Major Countries or Regions Manufacturing PMI: US manufacturing operations for more than 50% for two consecutive months in October, US manufacturing PMI was 51.7%, up 0.2 from September Percentage points, running at more than 50% for two consecutive months. From the main sub-index, the new order index was 54.2%, up 1.9 percentage points from the previous month, indicating that new orders continued to grow for two consecutive months. The production index was 52.4%, up 2.9 percentage points from the previous month, which meant that the US manufacturing industry ended its two-month decline and showed growth this month. The employment index fell by 2.6 percentage points to 52.1%. The purchase price index fell by 3 percentage points from the previous month to 55.0%. The company's response is mainly focused on two aspects of the fragile global economic environment and weak demand. Eurozone PMI declines in October, the euro zone manufacturing PMI reached 45.4%, down 0.7 percentage points from the previous month, which means that the euro zone manufacturing economy is still operating in a downward channel, and the decline has increased from last month. Among the major countries, Ireland remains the only country that maintains its expansion and the index hit a new high of nearly three months. The Dutch manufacturing PMI has retreated below the 50% threshold. The PMIs of Germany, Italy, Spain, Austria and Greece continue to operate below 50%, and the rate of slowdown has accelerated. Different from the above countries, although the French PMI index is running below 50%, the slowdown has slowed down and the index hit a high of nearly two months. The main PMI indices showed that production activity in the Eurozone continued to decline for eight consecutive months, and the new orders index continued to decline for 17 consecutive months, and the decline was larger than last month. Only production and new orders in one country in Ireland have maintained a growth trend. The new export order index has continued to decline for 16 consecutive months. Employment activity has continued to decline for nine consecutive months, and the decline has expanded. The price of intermediate inputs has risen for two consecutive months. UK manufacturing still runs below 50%. According to a survey released by the Royal Institute of Purchasing and Supply (CIPS), the UK manufacturing PMI fell back to 47.5% in October from 48.1% in September, running at 50% for six consecutive months. the following. The sub-item data shows that production has declined for four consecutive months. The main reason for the continued decline in production comes from the continued decline in demand. Among them, the new export orders continued to fall due to the decrease in demand from major countries in the Eurozone and some countries in Asia, and the rate of decline has accelerated. This month, the highlight of the UK manufacturing economy is still that the output of the consumer goods industry has rebounded. Employment fell for two consecutive months. Japan's manufacturing economy continues to decline in depth. In October, Japan's seasonally adjusted manufacturing PMI was 46.9%, down 1.1 percentage points from September, and was lower than 50% for the fifth consecutive month, hitting a low of nearly 18 months. . From the sub-indices, production and new orders continued to decline, and the rate of decline was faster than last month. The company's response shows that the demand of the automotive industry has dropped significantly. The new export order index fell for seven consecutive months. Intermediate input prices and fee prices have fallen. India and Russia's manufacturing activities continued to grow, Brazil ended the downward trend. In October, India's manufacturing PMI reached 52.9%, a slight increase of 0.1 percentage points from the previous month. Production and new orders continued to grow, and new export orders continued to grow for two consecutive months. . The Russian manufacturing PMI rose to 52.9% from 52.4% in September, and it was running at more than 50% for 13 consecutive months. Production continued to accelerate, hitting a high of nearly 19 months, and new orders continued to grow for 13 consecutive months. Brazil's manufacturing PMI was 50.2%, ending a six-month decline, production and new orders returned to the expansion range, the index level is near the 50% critical point.

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