A Picture Of The Global Manufacturing Industry: 60% Deterioration Of The State

The PMI survey of manufacturing industry has been released.

As shown below, 25 countries have announced PMI in September, of which 8 countries are improving their manufacturing sector, 15 countries are deteriorating, and 2 countries remain unchanged.

The 50 is the dividing line of PMI's prosperity and decline. The readings above 50 indicate the expansion of manufacturing industry and the decline of 50 representatives.

In the report, Bank of America and Merrill Lynch wrote that 8 countries in the 25 countries were shrinking in manufacturing and 17 in expansion.

In particular, Austria, Germany, Greece, South Korea and Norway are shrinking from expansion to expansion, while Italy and South Africa are shrinking from expansion to expansion.

Chinese economists believe that China's manufacturing PMI stabilizes partly because of the easing measures last month, but it did not rebound.

Our European economists say Germany is the main reason for the weak manufacturing sector in the euro area.

In addition, he stressed that the euro zone manufacturing PMI (and German PMI) were in line with the moderate expansion of the three quarter of the euro zone economy.

And British economists say that

The decline in PMI in the manufacturing sector was mainly due to a slowdown in the UK's export growth to the euro area, the lowest since May 2013.