
Global Manufacturing PMI Steady at 48.9, Five-Month Contraction Continues
Global Manufacturing PMI holds steady at 48.9 in August, marking five months of contraction. Asia shows stability above 50, while Europe and Americas remain below.
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Global Manufacturing PMI holds steady at 48.9 in August, marking five months of contraction. Asia shows stability above 50, while Europe and Americas remain below.
China aims to accelerate new industrialization, focusing on advanced manufacturing, digital economy integration, and developing new growth sectors to support modernization.
China’s Manufacturing PMI dropped slightly to 49.1 in August due to weather disruptions and seasonal shifts, indicating a minor contraction in the sector. However, high-tech and equipment manufacturing saw growth.
Foxconn relocates production lines from India and Vietnam back to China, highlighting the strengths of Chinese manufacturing and supply chain resilience amidst global uncertainty.
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