In September, the global manufacturing PMI was 48.9%, which was lower than 50% for four consecutive months and 0.8 percentage points higher than the previous month. This means that the global manufacturing economy is still operating in a falling range, but the decline has slowed down. The global manufacturing PMI averaged 48.5% in the third quarter, down from 50.4% in the second quarter, the lowest level since the second quarter of 2009. From the perspective of the major countries or regions surveyed, the US manufacturing PMI rebounded to more than 50%, with new orders picking up significantly. Although the manufacturing PMI of the Eurozone is still below 50%, the decline has narrowed and the index reached a nearly six-month high. The UK manufacturing industry fell back from the previous month, running below 50% for the fifth consecutive month. The average level in the third quarter reached 47.7%, the lowest level since the second quarter of 2009. The decline in Japanese manufacturing has narrowed slightly, with the index running below 50% for four consecutive months. Manufacturing activity in India and Russia has continued to grow and Brazil continues to decline. The production index rebounded from the previous month. In September, the production index was 48.1%, which was lower than 50% for four consecutive months and 0.7 percentage points higher than the previous month. In major countries, the production indices of the United States, the Eurozone and major Asian countries all run below 50%. Among them, the slowdown in production in the United States and the Eurozone has slowed down to a different extent than in August. Japan’s production index fell for four consecutive months. The decline in Taiwan continued to deepen. Production in Vietnam is at a standstill. Production in Brazil, Canada, Denmark, India, Indonesia, Ireland, Mexico, the Netherlands and Turkey has increased to varying degrees. The new order index has rebounded. In September, the new order index was 48.1%, up 1.4 percentage points from the previous month and below 50% for four consecutive months. Among them, new export orders are in a downward trend for five consecutive months. The purchase price index rebounded to over 50%. In September, the purchase price index ended its three-month decline and rebounded to 52.7%. The strong recovery in purchase prices was mainly due to the recent rise in international crude oil prices. The employment index continues to return to more than 50%. In September, the global manufacturing employment index ended a two-month decline and rebounded to 50.7%. Among the major countries, employment activities in the United States, Japan, Germany, India, Canada, Mexico and Russia have increased to varying degrees. Summary of manufacturing PMIs in major countries or regions: US manufacturing rebounded to more than 50% in September. In September, the US manufacturing PMI was 51.5%, up 1.9 percentage points from August, ending a three-month decline. From the main sub-index, the new order index was 52.3%, up 5.2 percentage points from the previous month, indicating that the new order experienced the first growth after three consecutive months of contraction. The production index was 49.5%, up 2.3 percentage points from the previous month, which meant that US manufacturing production remained shrinking for two consecutive months, but the range slowed down. The employment index rebounded by 3.1 percentage points to reach 54.7%. The purchase price index continued to rise, reaching 58.0%, an increase of 4 percentage points from the previous month. The company's response is mainly focused on the rebound in orders and market demand, as well as concerns about a weak global economic environment and an unstable political environment. Eurozone PMI decline slowed down in September, the euro zone manufacturing PMI reached 46.1%, although still operating below 50%, but rebounded from last month, the index level reached a high of nearly six months, meaning the euro zone manufacturing The industry economy is still in a downward trend, but the decline has slowed down. Among the major countries, Ireland is the only country that has maintained strong growth, with the index hitting a two-month high. The Dutch manufacturing PMI rebounded to near the critical point of 50%. Although Germany, Italy and Spain still operate at more than 50%, they have rebounded from last month, and the index has reached a high point of nearly six months. Manufacturing activity in Austria and France continued to decline, with the index hitting a low of nearly 39 months and 41 months respectively. The main PMI indices show that production activity in the Eurozone has continued to decline for seven consecutive months, but the decline has narrowed. The new orders index continued to decline for 16 consecutive months; the new export order index continued to decline for 15 consecutive months. Employment activity has continued to decline for eight consecutive months, but the decline has narrowed. The price of intermediate inputs has risen for the first time in nearly four months. UK manufacturing PMI declines The survey released by the Royal Institute of Purchasing and Supply (CIPS) shows that in September, the UK manufacturing PMI fell to 48.4% from 49.5% in August, running below 50% for the fifth consecutive month. . The average level in the third quarter reached 47.7%, the lowest level since the second quarter of 2009. According to the sub-item data, the UK manufacturing new orders index kept rising for two consecutive months, but the index level remained at the critical point of 50%, and the demand for consumer products increased. However, new export orders fell for the sixth consecutive month. The intermediate input price index rose to a high of nearly six months. Employment activity fell for five consecutive months. Japan's manufacturing decline slightly narrowed in September, Japan's seasonally adjusted manufacturing PMI was 48.0%, down 0.3 percentage points from August, and lower than 50% for the fourth consecutive month. From the sub-index, both production and new orders have declined, but the decline has narrowed. In particular, the activities of the investment sector are weak. The level of the employee index has not changed much from the previous month. Under the influence of market demand and production decline, the procurement activities of Japanese manufacturing companies showed a downward trend for four consecutive months. At the same time, the fall in demand also caused the intermediate input price index to decline for four consecutive months. India and Russia's manufacturing activity maintained growth, Brazil continued to decline. In September, India's manufacturing PMI reached 52.8%, unchanged from the previous month. New orders continued to grow for the fourth consecutive month, and new export orders showed growth for the first time in three months. . The Russian manufacturing PMI rebounded from 51.0% in August to 52.4%, both production and new orders rose, and new orders continued to grow for twelve consecutive months. Brazil's manufacturing PMI was 49.8%, a slight increase of 0.6 percentage points from the previous month, and was lower than 50% for six consecutive months. Production activity increased slightly and new orders declined slightly.
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