Current location:Stellar Spotlight news portal > opinions
Asia's manufacturing PMI rebounds to 50.4
Stellar Spotlight news portal2024-05-21 19:23:25【opinions】6People have gathered around
Introduction(ECNS) -- The purchasing mangers' index (PMI) for Asia's manufacturing sector regained at 50.4 in Ja
(ECNS) -- The purchasing mangers' index (PMI) for Asia's manufacturing sector regained at 50.4 in January 2024, up 0.6 percent from the previous mouth, according to data released by China Federation of Logistics and Purchasing on Tuesday.
The figure rebounded above 50 after a slight decline in December 2023, indicating a moderate improvement in Asian manufacturing.
The manufacturing PMI for China, Japan, South Korea and India increased compared with the previous month. Among ASEAN countries, except for the Philippines, the manufacturing PMI of other major countries rose from the previous month.
The rise of manufacturing PMI is attributed to the stable political environment and sustainable policy support in Asian countries. The role of RCEP in promoting regional trade and investment is the external driving factor for Asia's moderate economic recovery.
The IMF projected GDP growth in the Asia Pacific Region at 4.5 percent, an upward revision of 0.3 percentage points from its forecast in October 2023. China's GDP growth will be 4.6 percent this year, an upward revision of 0.4 percentage points from the IMF's forecast in October 2023.
The global manufacturing PMI came in at 49.3 in January 2024, up 1.3 percentage points, marking a new high since March 2023.
Address of this article:http://benin.argoasecurityeu.com/news-57d799870.html
Very good!(57283)
Related articles
- Cruise worker 'murders newborn son on board ship': Shocked co
- U.S. stocks tick down as Apple drags tech sector lower
- Facebook CEO apologizes for data misuse in prepared testimony to Congress
- Xi to Declare Hangzhou Asian Games Open
- OpenAI pauses ChatGPT voice after Scarlett Johansson comparisons
- Xi Meets Cambodian King
- China overtakes India to become the world's largest gold jewelry consumer in 2023
- Reactor pressure vessel of Hualong One nuclear project installed in China's Fujian
- Who is Jacob Zuma, the former South African president disqualified from next week's election?
- China's deep
Popular articles
Recommended
Investigators return to Long Island home of Gilgo Beach serial killing suspect
World should focus more on small businesses, young people: Jack Ma
China's 5G phone shipments top 167 mln in 2020: report
China's deep
Four people killed in a house explosion in southwestern Missouri
Flu season sees spike in drug production
China discovers Asia's largest lithium source to date
Chongqing to build world
Links
- Childcare subsidies to start from July, families eligible for up to $75 a week
- Rising costs, working from home blamed for hospitality struggles
- Iowa caucuses: What Trump's dominant win means for his rivals
- Kindergarten teacher in China poisoned classroom porridge in staff quarrel
- No thanks to traditional meals, say Gen Z
- Search to continue for 79
- Chinese President Xi Jinping sends a message of sympathy to Donald Trump
- TikTok: Federal judge postpones Donald Trump's ban on popular app
- Hundreds of firefighters battle Western Australia wildfire
- RSV immunisation for babies: Doctors call for urgent access