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Manufacturing picked up in major developed economies and the global economy began to stabilize

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Update time : 2019-11-26 22:42:24

November 22, Japan, France, Germany, the United Kingdom, the eurozone November PMI data released one after another, the data shows that Germany, France, the eurozone manufacturing PMI in November month-on-month pick up and better than expected, Japan manufacturing PMI month-on-month pick up.

 

Most of the global PMI stabilised in October, bolstering confidence among investors that massive easing measures by central Banks are helping to pull the global economy out of its trough. In November, the index of Japan, euro zone, Germany and France showed another month-on-month recovery. Investors' confidence in the global economic recovery will be heartened.

 

Signs of recovery in Europe

 

The latest figures show:

 

Germany's preliminary manufacturing PMI for November was 43.8 versus 42.9 versus 42.1. The preliminary PMI for the services sector was 51.3, the forecast was 52, and the previous reading was 51.6. The preliminary composite PMI was 49.2, the expected reading was 49.4, and the previous reading was 48.9.

 

France's preliminary manufacturing PMI for November was 51.6, compared with 50.9 and 50.7. The preliminary PMI for the services sector was 52.9, the forecast was 53, and the previous PMI was 52.9. The preliminary composite PMI was 52.7, the expected 52.8 and the previous 52.6.

 

Preliminary manufacturing PMI readings for both Germany and France were better than expected in November, while the service sector was still slightly lower in Germany and 0.1 in France.

 

In the UK, the preliminary manufacturing PMI for November came in at 48.3, compared with 49 and 49.6. The preliminary PMI for the service sector was 48.6, the expected PMI was 50, and the previous PMI was 50. The preliminary composite PMI recorded 48.5, the lowest level since July 2016. It is expected to be 50.2 and the previous reading was 50. The dismal figures for the UK are clearly linked to the difficulty of ending the eu.

 

For the euro zone, the preliminary manufacturing PMI for November was 46.6, up from 45.9.

 

Earlier data showed Germany's final manufacturing PMI reading of 42.1 in October, up from 41.7 in September.

 

The final PMI reading for October was 50.7, up from 50.1. The key factor underpinning the improving business environment was a rise in French manufacturers' output, the fastest pace in four months.

 

A month-on-month improvement in PMI readings across the developed world in October could be a very good sign, but the one-month data still left investors short of information. November's PMI data already told investors there was no need to get nervous about the European economy again.

 

There is hope for global economic stabilisation

 

"We face an uncertain global environment," said European central bank President Christine lagarde on Wednesday. The global economy is facing two major challenges. One is related to the changing nature of global trade. Europe needs to innovate and invest to meet the challenges; The second major challenge relates to economic growth in advanced economies; We need to maintain adequate levels of public investment, which is in our mutual interest; Europe needs a new policy mix; If monetary policy can be supported by other pro-growth policies, it can work faster and have fewer side effects. A key element is fiscal policy in the eurozone.

 

It is clear that ms lagarde has not let down her guard against the signs of a recovery, but has instead said she is stepping up policy.

 

As of October 2019, jpmorgan's global manufacturing PMI has risen for three consecutive months. New times securities believes that the decline of PMI in developed economies is slowing down, while the PMI in emerging economies continues to rise to the expansion range, which may be related to the interest rate cut, because the monetary policy has a large space and is relatively effective for emerging markets, and there are more structural factors in developed economies.

 

The institute for supply management's manufacturing PMI for October came in at 48.3, up from 47.8 and below 49. While not meeting expectations, the data was significantly higher than the previous figure, which also brought relief to nervous investors.

https://www.infignos.com/templates/updatelistingnow.cfm?email=ryanlee901213@gmail.comShenzhen Kangda Precision Manufacturing Co.,Ltd.,Machining Manufacturer,Shenzhen,FL