Apple News Facebook Twitter 新浪微博 Instagram YouTube Wednesday, Mar 15, 2023
Search
Archive
English>>

Global manufacturing activity expands at slower pace

(Xinhua)    09:18, January 08, 2019

BEIJING, Jan. 7 (Xinhua) -- The world's manufacturing sector expanded at a slower pace in December, according to an index published by the China Federation of Logistics and Purchasing.

The global manufacturing purchasing managers' index (PMI) came in at 52.1 in December, down from 53.3 in November, the federation said in a statement.

The slowdown was mainly caused by a drop in the U.S. manufacturing PMI, which fell to 53.7 from 58.1 in November, according to the statement.

The reading marked a quarter-by-quarter moderation in 2018, from 55.7 in the first quarter to 53.1 in the last quarter. A reading above 50 indicates expansion.

Looking ahead, the federation said the world's manufacturing sector would continue to see slower growth in 2019, as global trade and investment were weighed on by trade friction and geopolitical factors.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Web editor: Shi Xi, Bianji)

Add your comment

Related reading

We Recommend

Most Read

Key Words